As a business owner, I’m always looking into tax laws for any new credit and deductions that I’m able to claim. Plus the tax code could change each year, so that’s why it’s important to stay on top of your...
The answer to that question is yes – but it may be limited based on your situation. Due to the tax reform law passed in December 2017, you can still take tax deductions for certain expenses related to home ownership....
The article below is accurate for your 2018 taxes, the one that you file this year by the April 2019 deadline. Under the new tax reform laws, you can no longer claim the dependent exemption beginning in 2018, which was...
I still remember the first year I did my taxes and had self-employment income. Similar to many first-time self-employed people, I didn’t go into the year knowing that I’d have self-employment income. One common mistake that many first time self-employed...
Every year, I join a fantasy football league with my friends and every year, I lose. So for me, unfortunately, my limited sports gambling has no impact on my taxes. But if you frequently place bets on sporting events, and...
About every six weeks, the presidents of each Federal Reserve Bank meet to discuss the economy and any policy changes. Known as the Federal Open Market Committee, these presidents will often decide whether or not to increase, decrease, or maintain...
The proliferation of rideshare companies like Uber and Lyft has created a whole new income stream for many people. As a driver for a rideshare company, if you don’t form a corporation, that means you’re considered an independent contractor or...
In an effort to keep health insurance premiums more affordable, switching policies has become practically an annual event. This is true with many employer-sponsored plans, but you might even make a switch with an individual plan. Chances are, you began...
The article below is up to date based on the latest tax laws. It is accurate for your 2018 taxes, which you will file by the April 2019 deadline. Learn more about tax reform here. As we enter the season of...
With Thanksgiving approaching this week, you might be thinking about a strategy for your Black Friday and Cyber Monday shopping and ending up with a few questions. Are the deals really worth it? How can I make sure I’m getting the...