Did you know that, if you are at least 70½ years old, you can make tax-free charitable donations directly from your IRA? By making what's called a qualified charitable distribution (QCD), you can benefit your favorite charity while excluding up to $100,000 annually...
The American Rescue Plan Act, a $1.9 trillion stimulus bill, was passed and signed into law by President Biden on March 11, 2021. Aimed at assisting with the economic shortcomings of the pandemic, this legislation covers a broad base of pandemic-related initiatives....
My name is Micah Boswell and I am an ultra marathoner who has currently taken the leap this off season to start training for my first NPC bikini competition. While this is a new journey for me, I have always been passionate about staying active and observing the...
For most parents, sending their child to college is at the top of the wish list. A college education can open doors to many opportunities and help your child compete in today's competitive job market-but that diploma doesn't come cheap. College costs According to The...
Want to contribute to your favorite church or charity? If done correctly, your donations can save you significant taxes. Here are some strategies to consider, but make sure to discuss them with your tax advisor to make sure they are appropriate for you. If you...
Graduates will soon be showered with gift cards and cash, according to an annual survey on graduation gift spending from the National Retail Federation (NRF) and Prosper Insights & Analytics. Overall spending on graduation gifts in 2018 was $5.2 billion, and the...
Learning how to budget can be the key to financial success regardless of your income. It can also be confusing and overwhelming. There are many personal finance programs available that can help you track your spending. Unfortunately, most of these programs are...
Each year the Internal Revenue Service and the Social Security Administration announce cost-of-living adjustments, retirement plan contribution limits and other tax-related items. Below are some key numbers for 2019 that are of interest to most taxpayers: Here's how...
The 2017 Tax Cuts and Jobs Act, doubled the federal gift and estate tax basic exclusion amount to $11.18 million in 2018 (adjusted for inflation in later years). The Act also doubled the federal generation-skipping transfer (GST) tax exemption. After 2025, these...