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A Tax-Smart Way to Get Income

I have heard that a QLAC can help me reduce my required minimum distributions What is it C V Edison N J I have heard that a QLAC can help me reduce my required minimum distributions What is it C V Edison N J See Also Take the Retiree Tax Quiz See Also Take the Retiree Source
Posted On 09 Dec 2017

Your State Tax Bill May Go Up in 2018

For all the talk about tax reform unless your personal situation changed last year you won t see much difference in your 2017 federal tax bill But your state tax bill could be another story Faced with yawning budget deficits and deteriorating infrastructure several states raised...
Posted On 09 Dec 2017

Last Call for Electric-Car Tax Credit?

Time could be running out on the chance for new car buyers to pocket a tax credit worth up to 7 500 for the purchase of a new electric or plug in hybrid vehicle Time could be running out on the chance for new car buyers to pocket a tax credit worth up to 7 500 for the purchase of...
Posted On 09 Dec 2017

18 Nice-Try Tax Breaks Rejected by the IRS

Over the years taxpayers have concocted a lot of zany arguments to justify their tax breaks We ve come up with 18 of the most creative ones that the courts decided did not quite work As secret agent Maxwell Smart would say Missed it by that much SEE ALSO Source
Posted On 09 Dec 2017

Red Flags That Could Increase Your Audit Chances

Ever wonder why some tax returns are eyeballed by the Internal Revenue Service while most are ignored Short on personnel and funding the IRS audited only 0 70 of all individual tax returns in 2016 So the odds are pretty low that your return will be singled out for review And Source
Posted On 09 Dec 2017

Last Call for Deducting Roth IRA Losses?

In a perfect world all your retirement investments increase steadily as you move toward the day you start tapping your nest egg to cover expenses in your post paycheck life But sometimes investments go kaput In a perfect world all your retirement investments increase steadily as...
Posted On 09 Dec 2017

Know Thy Tax Brackets — and How to Manage Them

The media is filled with tax overhaul news as Congress considers materially re shaping the byzantine tax code for the first time since the 1980s Chances are it will continue to be excruciatingly complex Whatever happens however it behooves all taxpayers to have a basic...
Posted On 08 Dec 2017

Defuse the Tax Bomb That Threatens Retirement

It makes sense that everyone s retirement plans should be different and adjusted to personal circumstances If you have lots of children and have already paid for several college bills for instance you might have less home equity than your neighbors If you have built up large...
Posted On 08 Dec 2017

Bite Into These Restaurant Stocks Ahead of Tax Overhaul

If you’re looking for tasty returns in 2018 — and why wouldn’t you — plenty of discounted restaurant stocks should be on your menu. On Monday, on the heels of the Senate Republicans passing a bill overhauling the federal tax code, known as the “Tax Cuts...
Posted On 06 Dec 2017

House, Senate Tax Plans: How They Will Affect You

To paraphrase President Trump s comment earlier this year about health care reform Who knew tax reform could be so difficult Last minute glitches and furious horse trading added real drama to the Senate s push to approve its version of a major overhaul of the nation s tax Source
Posted On 03 Dec 2017