by mariettacp | Oct 14, 2013 | Money Tips
If you’re planning to adjust your investment portfolio by selling some losing stocks at year-end, take a minute to review the wash sale rules. A wash sale occurs when you sell a stock, bond, or mutual fund and buy the same or a substantially identical security...
by mariettacp | Oct 9, 2013 | Money Tips
Business tax reminder As year-end approaches, don’t overlook this option to reduce your business taxes for 2013: accelerated write-offs for business asset purchases. For example, the Section 179 immediate expensing deduction lets you write off the cost of...
by mariettacp | Oct 9, 2013 | Money Tips
In a “2013 Summertime Tax Tip,” the IRS reminded taxpayers about the current rules on home sales. Here’s a quick review of those rules. Tax Free Home Sale The tax law allows the majority of taxpayers who sell their homes to enjoy 100% tax-free profit...
by mariettacp | Oct 7, 2013 | Money Tips
When you borrow from your 401(k), you become both a borrower and a lender. Whether that’s a good idea depends on your personal financial situation – and in the process of making the decision about lending money to yourself, you may have questions regarding the...
by mariettacp | Oct 2, 2013 | Money Tips
As you begin your year-end tax planning review, keep in mind the return of the limitation on itemized deductions and personal exemptions for higher-income taxpayers. When you’re married filing jointly and your adjusted gross income is more than $300,000, the...
