November 30, 2019
Last Updated: May 18, 2020 Just how big of an expense are taxes? On average, you can be expected to spend 25-35 percent of your salary on taxes each year. That means 3-4 months of each year (or 13 years of your life) goes towards paying off your tax obligation. Unfortunately, as long as you’re Read more
October 17, 2019
One of the more popular retirement accounts is an individual retirement account, or IRA. IRAs come in two main forms: a traditional and a Roth IRA, and both generally function the same way. The main difference between them is how they are taxed. How a Roth IRA Works A Roth IRA is a financial Read more
December 21, 2018
It’s the end of the year, and the stock markets are down. It’s true; the markets may not have been too favorable to many people this year. There is a bright side to the dismal markets. It presents an opportunity to capitalize on tax savings by selling low performing stock: this is called tax loss Read more
December 19, 2018
The end of 2018 is fast approaching. Soon, you’ll need to file your taxes. Tax season doesn’t have to be filled with dread and worry. There is still time to make your 2018 tax filing a more successful one. Follow these tax tips and you may have a better 2018 tax experience. Things to do Read more
December 17, 2018
In 2018, the standard deduction you could claim on your taxes was raised to almost double the past amount. Many American families will see the savings reflected when filing their taxes for 2018. The IRS recently announced the new adjustments for the 2019 tax deduction. There were a few surprises; namely, the standard deduction has Read more
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