Tax

  • Photo of Take Advantage of these Investment Tax Deductions

    Take Advantage of these Investment Tax Deductions

    Below we'll go over investment tax deductions you may have overlooked, and the most effective ways to pay the least amount of taxes on your investments.

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  • Photo of 8 Overlooked Tax Breaks

    8 Overlooked Tax Breaks

    Tax season is here, and with it comes a lot of paperwork and likely many missed opportunities to take deductions you didn’t even know existed. No one likes tax season. But everyone loves saving money. So instead of putting off your taxes until the last minute, have some fun claiming these eight overlooked tax breaks. 1. Miscellaneous Tax Deductions This…

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  • Photo of The 2020 W-4 Changes: How Will It Impact Your Paycheck and Refunds?

    The 2020 W-4 Changes: How Will It Impact Your Paycheck and Refunds?

    Before sending out paychecks, a company is required to withhold payroll taxes for its employees. The amount is based on the federal withholding rate, minus “allowances” (i.e. credits or deductions), such as childcare expenses. Working individuals report these allowances on the Form W-4. However, the IRS is changing paycheck withholding rules because the 2019 W-4 filings created a lot of…

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  • Photo of Roles of Financial Advisors in Achieving Your Financial Goals

    Roles of Financial Advisors in Achieving Your Financial Goals

    The roles of financial advisors cannot be overstated, especially if you are planning on managing your money effectively to achieve financial success. Even if you are having some difficulties in your business, maybe as an individual, family, or a business owner, you can also benefit from the wealth of knowledge of a financial advisor. Before we proceed, what even is…

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  • Photo of 5 Essential Personal Saving and Investing Tips for Freelancers

    5 Essential Personal Saving and Investing Tips for Freelancers

    There are many advantages to living the life of a freelancer. But the undeniable downside of freelancing is having a variable income that fluctuates from month to month. While freelancing can be freeing, it can also lead to an uncertain financial situation. Below, we’ll go through five essential personal saving and investing tips for freelancers to help deliver peace of…

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  • Photo of Work From Home Tax Deductions That You Can Claim

    Work From Home Tax Deductions That You Can Claim

    At home businesses have many advantages over their brick-and-mortar counterparts. For a start, entrepreneurs save money on gas and office rent. Similarly, freelancers that operate online enjoy unique benefits in comparison to employees who commute to a physical office location. However, transportation costs and rent are on the tax deductible expenses list of traditional businesses, but not digital ones. Nonetheless,…

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  • Photo of A Business Loan vs. Grant: Which One?

    A Business Loan vs. Grant: Which One?

    When looking for solutions, every business owner and entrepreneur knows that there is no one-size-fits-all approach. Each entity is unique, and their approach depends on their industry, size, business model, location, and structure. However, every company needs capital and funding in order to grow. Some firms are able to qualify for a private or federal small business grant. Others, meanwhile,…

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  • Photo of The Leading 2020 Presidential Candidates on Taxes

    The Leading 2020 Presidential Candidates on Taxes

    This election is a widely anticipated one, and there are a lot of huge issues on the table for discussion. However, the discussion of taxes this year is quite different and also quite essential. The candidates, ranging from far right to far left, all have very different opinion on taxes. We see candidates like Bernie Sanders calling for high taxes…

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  • Photo of Part Three: Preparing for Inflation-Adjusted Premiums

    Part Three: Preparing for Inflation-Adjusted Premiums

    In January, your tax credits and average health insurance cost, per month, are going to change. Whether it’s a private plan, an employer-sponsored one, or Medicare, all consumers’ income brackets are going to be adjusted for inflation. In short, if your household earnings go up, your premiums might not because of the higher income brackets. Moreover, consumers may even qualify…

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  • Photo of Part Two: Inflation and Your Health Premiums

    Part Two: Inflation and Your Health Premiums

    Generally, the government takes care of a portion of your health insurance premiums. The amount is based on someone’s income bracket, which changes every year because of inflation. In a previous article, we discussed how this impacts the average monthly health insurance cost, even if a household’s income doesn’t go up or down. The change will effect the 2019 Medicare…

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