If you are a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other non-tax benefits. The kids can gain on-the-job experience, save for college, and learn how to manage money. And you may be able to: ...
Following the implementation of the Tax Cuts & Jobs Act, many taxpayers were confused as to how these measures would affect their 2018 tax return; expecting less tax liabilities and larger refunds. Plan now for 2019 - check out the link here: http://bit.ly/2Vrv7p2 for tax withholding strategies...
One of the most popular fringe benefits for employees at many organizations is not an insurance plan or a health club membership; it is shiny chrome and steel — a vehicle. Providing a car, van, or truck that an employee can use for both work...
Single taxpayers with taxable income up to $39,375 ($78,750 on joint returns) can pay zero percent tax on long-term capital gains. That may suggest some income-shifting strategies. Example one: Suppose that Fred and Grace Holden plan to switch from XYZ Stock Fund to another fund. If...
Spring and summer are the optimum seasons for selling a home. And interest rates are currently attractive, so buyers may be out in full force in your area. Freddie Mac reports that the average 30-year fixed mortgage rate was 4.14 percent during the week of...
Generally, profits from selling assets such as securities and real estate held in taxable accounts are classed as long-term if the holding period was longer than one year. Tax rates on long-term capital gains are zero, 15, or 20 percent, depending on the seller’s income. To...
The Tax Cuts and Jobs Act (TCJA) of 2017 was not officially focused on retirement planning, but it has had a major impact on the choice of retirement plans. After-tax plans, known as Roth accounts, may be more practical now. That can especially be true...
Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. As to be expected, before you even open the doors, you generally have to spend a lot of money. You may have to...
