Itemized Deductions - Meet the Walking Dead

Itemized Deductions - Meet the Walking Dead

Don't assume this year's taxes and tax deductions will be similar to last year's taxes. The tax reform bill, which passed in December 2017, gutted most of the deductions and maimed many of the rest. Just like characters in . . . .

Standard Deduction for the Blind and Those Over Age 65

Standard Deduction for the Blind and Those Over Age 65

The Standard Deduction is the amount every taxpayer can deduct from their income, and with the changes to the tax law, more taxpayers than ever will now be taking the Standard Deduction. A lesser known fact about the Standard Deduction, however, is it can be increased for those over age 65 or who are blind.

5 Things to Do In Response to Last Week’s Market Drop

5 Things to Do In Response to Last Week’s Market Drop

The end of last week saw a stock market drop which has many spooked. Words like ‘market crash’, ‘historic drop’, and ‘recession’ abound and many are selling their investments in fear of a massive downturn. Here are the 4 things you can do to keep the market downturn from ruining your financial plan.

IRS Opens Door to Student Loan Repayment Employee Benefit

IRS Opens Door to Student Loan Repayment Employee Benefit

While it currently only applies to one company, the IRS has opened the door for companies to being offering an employee benefit whereby workers have an opportunity to both pay down student loan debt and save for retirement with the same dollars.

Debt Payoff: Why Math Trumps The Common Sense Approach of Rapidly Paying Off Debt

Debt Payoff: Why Math Trumps The Common Sense Approach of Rapidly Paying Off Debt

Focusing on debt payoff can cost you hundreds of thousands of dollars. Debt payoff strategies abound on the internet, and many mainstream financial gurus have built an empire on the common-sense approach to focus your financial efforts first on paying off your debt. The math, however, doesn’t work out in their favor.

8 Investment & Wealth Management Firms Threaten CFP Board Over Fiduciary Rule

8 Investment & Wealth Management Firms Threaten CFP Board Over Fiduciary Rule

Eight investment management firms threatened to stop using the CFP designation if the CFP Board expanded it’s fiduciary rule. Despite the bullying, the CFP Board still voted to improve the consumer protections in their Standards of Professional Conduct.

7 Ways to Turn Your Tax Refund Into Thousands More

7 Ways to Turn Your Tax Refund Into Thousands More

 If you're excited about getting a tax refund, imagine how excited you would be if you could double ot triple the value of the refund. Here are a few smart ideas to use your tax refund for that will amplify the boost to your cash flow.

Plan to Hit Bigger Tax Deductions Next Year

Plan to Hit Bigger Tax Deductions Next Year

Financially savvy people know the best time to start on next year’s taxes is the beginning of this year. Your tax return is a historical document about what happened last year, so there is very little you can plan and change. Next year, however, hasn’t happened giving you control over the tax planning environment.