by mariettacp | Sep 10, 2015 | Money Tips
How close to the edge are you when it comes to tax phase-outs? As you begin your fall tax planning, consider the effects of these benefit-limiting provisions. Knowing how close you are to the “edge” can help preserve tax breaks for 2015. Many phase-outs...
by mariettacp | Aug 5, 2015 | Money Tips
Summer is here and so are tax-saving opportunities. Here are seven suggestions for cutting your tax bill. Rent out your vacation home. If you own a second home, rent it out this summer when you’re not using it. Generally, you can offset the rental income with...
by mariettacp | Aug 3, 2015 | Money Tips
There’s never a good time to plan for a disaster. There’s never a better time either. So why wait? Instead of having to reconstruct personal and business records in the aftermath of an unexpected calamity, safeguarding documents before you suffer a loss...
by mariettacp | Jul 27, 2015 | Money Tips
Out of school and into the workforce. If the expression describes you or a family member this summer, filling out Form W-4 properly can make your first job less taxing. Here’s why: The amount of federal income tax withheld from your wages depends on how you...
by mariettacp | Jul 24, 2015 | Money Tips
Taxes may be the last thing on your mind when you’re changing jobs, but overlooking their impact could mean missed tax-saving opportunities. Issues to consider include: Your retirement plan. Distributions from retirement plans are generally taxable and may also...
by mariettacp | Jul 22, 2015 | Accounting News, Bookkeeping, Money Tips
If you own a vacation home (some boats and recreational vehicles also qualify) that you also rent out to others, keep track of who uses it during the year to maximize your tax breaks. * Meet the rules and receive tax-free income. If your home is rented for 14 or fewer...
