Quote of the day

Loading Quotes...


How I Changed to an S-Corp to Lower My Taxes

This is a guest post by Eric Rosenberg, a full-time freelancer and blogger at Personal Profitability. Eric writes about personal finance and entrepreneurship at InvestmentZen, his own blog, and other sites around the web. When I started writing about personal finance online in 2008, I had no idea where it would take me. Here I [...]

2016 Year End Tax Tips

The end (of 2016) is near. Still, you can do a lot to help your finances before the ball drops on Saturday and we ring in the new year. Let's look at some of my top year end tips - The Charitable RMD is part of the tax code that allows those who are 70-1/2 and taking [...]

The Standard Deduction and How to Beat it

Last time, we talked about the potential new tax rates. Much of my concern focussed on the standard deduction, which looks to rise quite a bit at the peril of personal exemptions.  But, as I hinted, there are opportunities to shift things around to our advantage. Let's look at Schedule A (you can click the [...]

The new tax code?

Our new president hasn't been sworn in yet, but he does have a tax overhaul proposal that has a decent chance of passing. Every change has winners and losers. Even changes that seem positive when first announced. One key provision of the new plan is to bump the standard deduction, from $6,350 single / $12,700 [...]

A Tough Endgame

As I was doing my mother in law's taxes, over three years ago, I wrote, Mom – You don’t itemize, describing her tax return a bit and the fact that her medical deductions weren't enough to flow to her itemized deductions, and so she remained a Standard Deduction filer. Since her taxable income put her [...]

← Previous