Holidays are traditional times to experience our blessings. If and when we stop to count them, do we realize how far ahead of most people we are—even despite our own needs and worries? For emotional and financial reasons, why not share the wealth?
Helping others is great, and helping yourself is always good as well, so why not do both at the same time? Integrate these five strategies into your financial plan, and you can.
In October of 2022, Rocky Mengle of Kiplinger.com wrote an informative article for Kiplinger's Money Power with advice about how to demonstrate residency in a low-tax state.
IRS Tax Tip 2022-183, November 30, 2022 Wading through a pile of statements, receipts, and other financial documents when it's time to prepare a tax return can be frustrating for people who haven't managed their records. By knowing what they need to keep and how long to keep…
Did you know there’s a way to support your favorite charities and save money on your taxes?
Survivors are often tasked with the responsibility of filing a tax return for a recently deceased loved one. There are special steps involved, and the following article answers the most important questions about filing a tax return after a death. https://tribunecontentagency.com/article/ask-kip-advice-for-filing-a-tax-return-after-a-death/
As a general rule, debt cancellation income is taxable. But a 2021 law provides that most student loans forgiven from 2021 through 2025 are tax-free. Read more from Kiplinger's Money Power. https://tribunecontentagency.com/article/ask-kip-will-the-irs-tax-forgiven-student-loans/
Social security benefit amounts depend upon many factors. Before applying for benefits, there are many questions to be answered. Elliot Raphaelson of The Savings Game answers some of the more common questions. https://tribunecontentagency.com/article/the-savings-game-social-security-income-restrictions/
Organized tax records make preparing a complete and accurate tax return easier and may help taxpayers find overlooked deductions or credits.
Depreciation is an annual tax deduction that allows small businesses to recover the cost or other basis of certain property over the time they use the property. It is an allowance for the wear and tear, deterioration, or obsolescence of the property. Small businesses can depreciate property when…