Using a Donor-Advised Fund to Get a Tax Break October 20, 2014
You probably know that you can get a tax break when you donate to certain causes. You can even donate a stock or other asset to charity and get a tax deduction. However, it’s possible to go beyond just giving an asset and being done. The tax benefits associated with donor-advised funds are allowing them to increase in popularity.
Could You Be Taxed on Perks from Your Employer? October 13, 2014
Every year, the IRS publishes a guidance plan, which takes a look at the items that the IRS plans to scrutinize in the coming months. On the list for the upcoming year is one of the perks offered by some employers: free lunch.
Can You Deduct Student Loan Interest? September 30, 2014
In general, liabilities are often discouraged in our society. However, there are some types of liabilities that the government partially subsidizes as a way to encourage financial moves that are deemed beneficial to society. One of those types is student loans.
Obama’s 2015 Budget: Changes to Roth IRAs on the Way? September 23, 2014
This is the time of year that details of a new budget for the coming fiscal year are revealed. President Obama is making his 2015 budget proposal, and some of the potential changes could impact Roth IRA accounts.
Owe Taxes? Don’t Avoid It Anymore September 15, 2014
Having unpaid taxes s so difficult because you know that you can’t afford to pay your taxes, but you still owe money. In many cases, it seems easier to avoid the issue altogether. If you can’t pay your tax bill, it seems pointless to address the issue.