If you typically deduct unreimbursed job expenses as an employee, get prepared for a change this tax season. All unreimbursed job expenses for traditional employees are no longer tax deductible. Here’s a breakdown of how that tax reform chan…
You’ve heard the term capital gains tax (CGT). But what is that exactly?
Is that something you pay?
If so, when?
Whenever you sell something – a house, car, company stock, or even gold or silver coins – you typically either make or lo…
The IRS may adjust interest rates for various purposes at various times. For example, the rates for overpayments and underpayments of income tax are adjusted quarterly.
Interest rates for Q4 in 2018. The interest rates on overpayments and underpayment…
Anyone who’s dealt with the IRS knows it can be a hassle. For some, however, it can be downright problematic. One couple claimed that the IRS’s continued collection activities following their filing for bankruptcy caused them serious emotional distres…
A couple got divorced in Nevada in 2011. Their agreement provided for tax-free transfers of property as well as spousal support. One spouse made payments on the other’s Sallie Mae student loans and claimed an alimony deduction for them. The IRS said t…
The IRS is offering victims of Hurricane Florence tax relief. If you are located in an area designated by the Federal Emergency Management Agency as qualifying for individual assistance, you now have until Jan. 31, 2019 to file certain individual and b…
In December of 2017, we witnessed the most significant changes to the tax code in a generation get signed into law. If you’re confused about how the changes will affect you, you’re not alone.
Fortunately for most …
The federal income tax rates for almost all taxpayers changed in 2018 due to tax reform. Some taxpayers’ rates will change more than others. Here’s how the new tax rates will affect you.
How did tax reform change …
Big money goals are intimidating, but that shouldn’t stop you from setting a high bar for your long-term financial health. With a lot of grit and proper planning, you can achieve a seven-digit net worth. Here are 12 steps to take to make your fir…
With the rise of technology, it’s never been more important to keep your personal identity and your money secure. Hackers can find your personal data and bust into your bank accounts, and more to get ahold of your money. Are you keeping yourself …
