Tag Archives: IRS.gov

What is a 529 Plan?

A 529 plan is a specialized investment account that was created to help families save for future college expenses. This can be for a traditional 4-year college or university, or even a community college. The tax benefits of these accounts … Continue reading

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Roth or Regular Retirement Plan?

When most people think of retirement, they imagine copious amounts of free time and socializing with friends while playing golf or shuffleboard. But in reality there is so much more to think about before these dreams can come to fruition. … Continue reading

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What You Need To Know About Renting Vs. Buying A House

Many people of all ages face this dilemma: you’re ready to move, but can’t decide if you should rent or buy. This isn’t a question that has a one-size-fits-all answer. In fact, the answer varies greatly depending on your finances … Continue reading

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The Most Common Credit Mistakes

Credit card use has become a way of life for many Americans. You would think that would make some people experts on how these credit cards work, but that isn’t necessarily the case. Here are some common mistakes credit card … Continue reading

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IRS issues notice on state and local tax deductions

The U.S. Department of the Treasury and the Internal Revenue Service have stated that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes. Notice 2018-54 also informs taxpayers that federal … Continue reading

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Saving for the Future While Paying Off Debt

So here’s the scenario: you’ve landed a new job and are now making a decent salary. Conventional wisdom says it’s time to start saving for the future, and that is correct. This includes goals such as your first house, a … Continue reading

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5 Tips For Financial Freedom

If money is something that makes you happy — and let’s face it, more money never hurts — then the following tips will help you earn more and keep more in your pocket. Stop Being a Consumer, Start Being an … Continue reading

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