Many of us are still pondering why we didn’t benefit from the alleged tax cut and worrying about what will happen this year, again. After all, tax brackets went down 3-4% for the first 4 tax brackets. But (and this continues this year) your taxable income most likely went up. Don’t expect that to improve […]Read More
If you do not leave a specific, legally executed estate plan with the appropriate documents, then you are leaving it up to your state to decide how your resources are distributed. This could make things quite difficult for your heirs (at least for the people whom the law determines are your heirs if you didn’t […]Read More
Washington Post finance columnist Michelle Singletary took on the “counterintuitive” advice a reader wrote in about: The reader, who was trying to refinance a mortgage, was told to leave a small balance on her credit card (rather than paying the card off). That didn’t seem quite right and the reader wanted another opinion. While there […]Read More
Could your grandchild be eligible for Social Security benefits? Depends on whether you’re providing support, and why the parents are not in the picture.
While you perhaps breathed a sigh of relief that it was over, experts began tax planning for 2020 right after the 2019 tax season ended (if they hadn’t started before). It’s okay if you didn’t start thinking about next year’s taxes that early, however, are still things you can do during the last quarter of […]Read More