Winning free money, without the random chances of a lottery, can significantly reduce your dependence on student loans when your child is ready for college. Many families procrastinate in their search for free money because of time commitments for school, sports, extracurricular activities, work, or lack of information. Read more
Archive for month: March, 2017
There was a time when acquiring a home as early as possible seemed obvious. It was an investment in which everyone appeared to be winning the appreciation game. Easy lending practices meant even those with poor credit and no down payment could land financing. Interest only loans provided large loans for marginal buyers. With the fall of the housing market during the Great Recession, everything changed. Home values fell, and have been slow to recover over the last decade, and even the most well-qualified buyer can struggle to get to the closing table. Read more
Most Americans have a love-hate relationship with the tax season. You hate the hassle of filing, but love the refund when it comes. You do not want to pay the IRS one penny more than you owe, but you don’t want to trigger an audit. The most effective way to combat these emotions is to educate yourself on common errors to ensure you owe the least amount of money while getting the largest refund possible.
This year when you file your return, double check for these common errors, before pressing the send button.
Keeping up with changes in the tax law requires an annual update. Each year Congress makes adjustments to tax deductions, and changes in tax laws that directly impact consumers. Some years there are significant changes which can occur anytime before December 31. For the 2016 tax year, filed the first quarter of 2017, there were adjustments to deductions, tax brackets, and the personal exemption along with a major change in how the IRS processes each tax return.