Generation-Skipping Involves A Transfer Tax
In addition to estate and gift taxes, a third tax applies to assets you transfer to someone two or more generations below you, such as your grandchildren. This “generation-skipping transfer […]
Marriage Matters In The World Of Taxes
What’s your marital status? Just beginning? Just recognized? Just ending? As your relationships change, so do certain federal tax rules governing your income tax return. For example, your filing status […]
Recent Court Ruling Affects IRA Rollovers
Sometimes the things you think you know can lead to trouble. That’s especially true when what you think you know turns out to be wrong. For example, when taking distributions […]
Gauge The Tax Impact Of Refinancing
With mortgage rates still relatively low across most of the country, many homeowners are continuing to refinance their mortgages. If you’re planning to join their ranks, you’ll want to first […]
Don’t Inadvertently Miss April 15 Deadline
If you still file a paper return, it’s important to know the IRS’s “timely mailed = timely filed” rule: If your tax return is due April 15, it’s considered timely […]
Don’t Overlook Tax Breaks For Children
Does your tax return properly reflect your current family circumstances? If you are raising children, your answer can determine how much federal income tax you owe. Here are two reasons. […]
When Should You Start Receiving Social Security Benefits?
As you approach retirement age, you must decide whether to begin taking reduced Social Security benefits early or wait until the full benefit retirement age (FBRA), or even later. In […]
Smart Disaster Planning Steps
Too often natural disasters strike and serve as reminders that it’s important for both individuals and businesses to protect themselves against the potential financial consequences of such events. A few […]
A Capital Gains Review For Your 2013 Tax Return
Wondering what capital gain rates will apply to your 2013 federal income tax return? The rate you pay on gain from the sale of stocks or other assets depends on […]
Higher Standard Deduction And Exemption Amounts On 2013 Tax Return
You’ve probably heard of the consumer price index, or CPI, a government statistic that measures the change in the price of certain items over a specified time period. But you […]