My husband Ken is a die-hard football fan. So, about 6 or 7 years ago, I decided I wanted to get involved in fantasy football so that I could share in his hobby. You can say that I got hooked. We both belong to multiple, year long fantasy leagues, and are addicted to Draft Kings…although Ken’s idea of a big bet is $.25, but that’s another story. We’ve both made the playoffs in our main league, so there is a little less p...
How much does it cost to raise a child? Based on figures from 2015 shown on the infographic below - $233,610!! Luckily, the U.S. tax code offers a variety of tax breaks for parents. Here’s a look at the most popular ones. Child Tax Credit: This tax break was expanded under the Tax Cuts and Jobs Act (TCJA). Starting with the 2018 tax year, the new law increased the Child Tax Credit (CTC) from $1,000 to $2,000. Since it's a credit, ...
This article has been updated. Find the latest here: Do You Have a Business Plan? If Not, Here is What You Need to Know...
2020 is quickly approaching and now is the time to do some last-minute tax planning. Here are some year-end tax tips that could potentially reduce your tax liability for 2019. Defer your income, if possible. Take some last-minute tax deductions such as charitable contributions. Accelerate expenses (if you are on a cash basis), such as paying a bill do early next year by the end of December. Sell loser investments to offset gains, such...
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