Are you Saving Money and Ready for the Future? Why Women Need to Be Better Wealth-Builders Women in the age group of 27-45+ are unique in that perhaps for the first time in history, many are in complete charge of their own financial planning. While this is positive, the flip side is that they al
Who Are You Taking Investment Advice From?
Experts Suggest Investment Advice May be Best Left to the Professionals Most people who invest money and are purposeful about their retirement plans believe they have the basics of investing down. They may even consult with well-meaning friends and family when they are seeking outside guidance. However, some of the most common mistakes in inv...
5 Tips To Survive Stock Market Volatility In Retirement
What to Look for in a Tax Preparer
When hiring a tax pro, go beyond references. Ask pointed questions and look for warning signs.
Financial Wellness and What Your Financial Advisor Isn’t Telling You
Manisha Thakor and Financial Finesse CEO Liz Davidson explore what it means to achieve financial wellness.
Your 2019 Guide to Tax Deductions
Here are all of the tax deductions still available to American households and the requirements for claiming each one.
Medical Expenses: What It Takes to Qualify for a Tax Deduction
As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your expenses on your tax return but the rules make it difficult for many people to qualify.
Why You Can’t Always Take a Tax Deduction on an IRA
On deadline day for filing your taxes, you may be considering making last-minute Traditional IRA contribution. Most people contribute to an IRA to 1) save for retirement and 2) take a tax deduction on the contribution to hopefully lower one’s overall tax bill. Many people, however, are not aware
How Tax Reform Could Effectively Destroy This $6,332 Tax Deduction for Millions
The consequences could be devastating for a key group.
Charitable Giving: How To Save Tax Deductions Despite New Law
The 2017 Tax Act has dramatically restricted benefits from charitable giving. Donors should adjust their charitable planning techniques to salvage tax deductions despite the new limitations and restrictions including donation appreciated stock, bunching deductions with DAFs and more.
The Receipt Cycle: How to Keep Tabs on Your Spending and Tax Deductions All at Once
Back in March, I sat down to file my family's income taxes, both federal and state. Part of that process is taking a serious look at my expenditures throug
Wonder What a Tax Deduction Is Worth?
Individuals are always looking for tax deductions that can reduce their tax liability. But what is the actual tax benefit derived from a tax deduction? There is no straightforward answer because some deductions are above the line, others must be itemized, some must exceed a threshold amount before being deductible, and certain ones are not deductible for alternative minimum tax purposes, while business deductions can offset…
10 Most Overlooked Small-Business Tax Deductions
Whether you prepare your own tax returns or have an accountant do it, keep your eyes peeled for these 10 frequently missed tax deductions.
How to Get Tax Deductions on Goodwill Donations
Goodwill is a large non-profit organization in the United States and Canada with a mission of "enhancing[ing] the dignity and quality of life of individuals and families..."www.goodwill.org/about-us/ Goodwill thrift stores accept...
Moving for Work? How to Get a Tax Deduction
About 11% of Americans moved last year, according to the U.S. Census — and that can involve a lot of financial heavy lifting. Moving for better weather won’t score you…
3 Tips to Avoid Charity Tax Deduction Scams
Perpetrators of illegal scams can face significant penalties and interest and possible criminal prosecution. IRS Criminal Investigation works closely with the Department of Justice to shut down scams and prosecute the criminals behind them.
4 Tax Deduction Tips for Small Business Owners
4 Tax Deduction Tips for Small Business Owners. Learn more from our experts now.
What Tax Deduction for Homeownership?
One of the most popular home ownership myths in Charlotte, NC is that owning a house is a huge tax break as compared to renting . I don’t know how many times people have personally told me that they want to buy a home because they NEED a tax deduction! I just shake my head in disbelief because I have done the math If your mortgage interest and other qualifying expenses such as charity contributions aren’t more than the standard deduction, ($11,600 for…
Rental Property Tax Deductions
Owning and maintaining real estate can be exhausting and expensive. Claiming these rental property tax deductions can help you maximize your profits...