The world of investing offers a seemingly endless number of assets and opportunities. The assets that are right for you will depend on many factors, such as your investment time frame, appetite for risk, and financial goals. Following is a look at some of the most common types of investments you will encounter. [Read more...]
Buying your first home is considered one of the biggest milestones in life. It's a big commitment, and there's a good chance this will be the largest purchase you've made to date. As you prepare, here are a few steps to follow as you purchase your first home. [Read more...]
Cryptocurrency is a form of payment that can be exchanged online for goods and services. Bitcoin and other types of cryptocurrencies that you buy, sell, mine or use to pay for things can be taxable. Also, if your employer or client pays you in bitcoin or other cryptocurrency, that money is taxable income. [Read more...]
For many Americans, Social Security benefits are the bedrock of retirement income. Maximizing that income is critical to funding your retirement dreams. The rules for claiming Social Security benefits can be complex, so following are a few essential details you need to know. [Read more...]
Last year, the deadline for filing your federal income tax return was pushed back from April 15 to July 15 because of the COVID-19 pandemic. This year, the IRS is once again extending the due date, but only to May 17. [Read more...]
With the passage of The American Rescue Plan, changes to the Child Tax Credit increased from $2,000 to as much as $3,600 per child and will include the option for families to receive monthly installments. This change is only for tax year 2021. [Read more...]
If you recently filed your tax return and were expecting a refund check, it may come as an unhappy surprise to learn that the IRS is keeping your refund. There are several situations in which the IRS can legally seize your refund. [Read more...]
This is the time of year when many people might be getting a tax refund. While there are pros and cons to using your tax refund as forced savings, many people wonder what are some of the best ways to use your tax refund. In addition to the tax refund that you might be expecting, many people have received or may be receiving a stimulus check from the government. It can be a challenge to figure out how to utilize a relatively large check, especially if it’s unexpected or larger than your typical income amounts. Following are a few suggestions.