Here are ten possible indicators that might improve your personal situation:
1. A large tax due and little or no tax withholding – You may not be managing your tax liabilities during the year. Are there other debts that you’re not managing? READ MORE
Some of you may have already received a notice from your mutual fund companies or your brokerage firms asking what method you would like used to determine the cost basis of your holdings. Perhaps you’re not sure
No, I have not yet begun to dip into the eggnog. I am talking about doing some tax loss harvesting in order to reduce your tax liability. What is tax loss harvesting? READ MORE
| There’s change in the air! Both the federal government and the state of California have made changes in payroll withholding in 2009. Your withholding for federal income tax was changed this spring and California implemented their change effective 10/31/09.
What’s it mean to you as a tax payer? READ MORE |
| DISCLAIMER: This ezine was written before the program’s funding was put in jeopardy. Be aware that the funding of this credit is not guaranteed. And to date, the program is proving to be very popular. READ MORE |
| Why Health Savings Accounts (HSA)s Look Better than Ever Since I entered the insurance business in 1983, I have never seen so little information available to buyers on such an important decision as health care. I teach insurance planning, for goodness sakes, and even I have trouble rooting out critical issues in my own Blue Shield policy.To put it bluntly — buyers beware. And be educated! READ MORE |
As you may or may not remember, I do some tax preparation. I say “some” as I just began doing individual income tax preparation last year. Well, this year I had the opportunity to do the taxes of a retiree with significant assets and investment income. And as I saw the total tax liability rise, I began to look for deductions. Finally it struck me that there must be some offsetting investment expenses.
Here are a couple of the most relevant changes that will affect or benefit most of you. If you want to read highlights on all the changes or you want more detail, the IRS web page has a great article.
In the Breeze –
A first time home buyer credit of up to $7,500 is available for homes purchased from 4/9/08 – 6/30/09. “First Time” really means any individual who has not owned a home for the last three years. READ MORE