Posts Tagged ‘Expenses’
2023 End of Year Tax Letter
As we wrap up 2023, it’s important to take a closer look at your tax and financial plans and discuss steps that can be taken to reduce taxes and help you save for your future. As you know, we affectionately call our proven process One Advisor Twice the AdviceTM. Which means when we look at…
Read MoreMid-Year Is a Good Time for a Financial Checkup
The first half of 2021 is behind us. As life emerges from the pandemic to a “new normal,” a mid-year financial checkup may be more important than ever this year. Here are some ways to make sure that your financial situation is continuing on the right path. Reassess your financial goals At the beginning of…
Read MoreRetirement Planning: The Basics
You may have a very idealistic vision of retirement — doing all of the things that you never seem to have time to do now. But how do you pursue that vision? Social Security may be around when you retire, but the benefit that you get from Uncle Sam may not provide enough income for…
Read MoreTeachers Can Deduct COVID-19 Supplies on Tax Return
Eligible teachers can write off their expenses for coronavirus protective items that will help stop the spread of COVID-19. The IRS has just issued guidance under which teachers can deduct unreimbursed expenses for protective items thanks to the COVID-Related Tax Relief Act that was passed in December. Personal Protective Equipment (PPE) Personal Protective Equipment (PPE) and other items used to stop the…
Read MoreNew College Cost Data for 2020-2021 School Year
Every year, the College Board releases updated college cost data and trends in its annual report. Although costs can vary significantly depending on region of the country and college, the College Board publishes average cost figures, which are based on a survey of approximately 4,000 colleges across the country. Following are cost highlights for the…
Read MoreBuying a Home
There’s no doubt about it–owning a home is an exciting prospect. After all, you’ve always dreamed of having a place that you could truly call your own. But buying a home can be stressful, especially when you’re buying one for the first time. Fortunately, knowing what to expect can make it a lot easier. How…
Read MoreEstablishing a Budget
Do you ever wonder where your money goes each month? Does it seem like you’re never able to get ahead? If so, you may want to establish a budget to help you keep track of how you spend your money and help you reach your financial goals. Examine your financial goals Before you establish a…
Read MoreAn Amazon-Less Christmas
Well, I did it. I finished my Christmas shopping and I didn’t order a single thing from Amazon. Some 20 years ago, we all used to head to the mall, walk around and shop around for good deals. The internet, of course, has changed all of this and specifically Amazon.com. They have become such a…
Read MoreTips to Keep in Mind for Taxpayers Traveling for Charity
During the summer, some taxpayers may travel because of their involvement with a qualified charity. These traveling taxpayers may be able to lower their taxes. Here are some tax tips for taxpayers to use when deducting charity-related travel expenses: • Qualified Charities. For a taxpayer to deduct costs, they must volunteer for a qualified charity. Most…
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