Tag Archive for: personal_finance

Disabled Taxpayer Tax Benefits 

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Article Highlights:  Increased Standard Deduction Tax-Exempt Income Impairment-Related Work Expenses Financially Disabled Earned Income Tax Credit Child or Dependent Care Credit Special Medical Deductions Qualified…

Not Using QuickBooks Online? What You’re Missing Out On

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If you dread every minute of the time you spend on accounting, you should know how QuickBooks Online can change your outlook.  How long would it take you to determine: What your total expenses for this quarter are? Whether or not…

IRA Missteps to Avoid

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Article Highlights: Selecting a Type of IRA Missing out on the Saver’s Credit Taking Distributions before Retirement Age Failure to Keep Designated Beneficiaries Current Overlooking the Spousal IRA Failing to Recognize…

Kiddie Tax No Longer Based on Parents’ Tax Rate

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Article Highlights: Parents Attempting to Shift Income to Children Kiddie Tax Tax Reform Changes Tax on Child’s Unearned Income Tax on Child’s Earned Income Some years back, it was not uncommon for parents to put…