As you get older, you may find you face more and more medical bills. No matter how great your insurance coverage is or if you are on Medicare, the out-of-pocket costs due to medical needs can add up. And if you or a loved one have a serious medical con…
In response to the recent devastation from Hurricane Michael, the IRS extended tax relief to victims of the disaster. The relief extends to all individuals who live in any major disaster declaration area designated by the Federal Emergency Agency. That…
No doubt about it, winning the lottery dramatically changes a person’s life. A financial windfall of that magnitude quickly grants you a level of financial freedom you probably have trouble imagining.
But becoming a Meg…
The average daily work commute for Americans is 26 minutes. On top of that, the cost of fuel, vehicle maintenance, insurance, parking fees, and even toll roads to get to that job can take a big chunk out of your paycheck. There has to be a better way t…
It’s no secret that tracking your business mileage can save you money come tax season. Whether you’re a small business owner or a salesman, a freelancer or an online shop owner, you are leaving money on the table every time you use yo…
Hurricanes, earthquakes, mudslides, tornadoes, floods, forest fires, and other natural disasters wreak havoc on a large scale. Homes and possessions might be damaged or lost. It’s a tragedy when people are injured or killed.
At such times, genero…
The new 20 percent deduction for pass-through businesses sounds almost too good to be true. That brand new section of the tax code is called the qualified business income deduction. It allows qualifying owners of sole proprietorships, S corporations, a…
It’s simple to tell when you’ve begun living outside of your means. It’s that feeling you have when the numbers just don’t add up. You owe more on your credit card than you have in the bank, or you’re unable to pay rent or…
With tax season coming soon, you may wonder how you can reduce your taxable income. One smart place to start looking is your 401(k) plan.
The 401(k) plan was passed by Congress in 1986 to help employees save money for retirem…
One of the most stressful parts about being a business owner is figuring out how to financially separate your real life and your professional life. As a full-time writer and speaker, I initially struggled to figure out how to draw down a salary and rei…
