Tax Deductions Babies bring immense joy to their families, but they introduce new complexities as well. Parents that are fresh on the scene often lack knowledge of what they can and cannot deduct, and the tax code is confusing enough to navigate without accounting for dependents and child-related expenses. The good news is that new […]
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Health Insurance In 2010, federal insurance legislation mandated that both employers and individuals must adhere to new insurance laws called “The Affordable Care Act” commonly referred to as “Obama Care”. Everyone in the nation will be required to have insurance by 2014 with few exceptions. These insurance laws have both advantages and disadvantages. Mandatory Health Insurance
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College Savings Accounts Planning for the future of your family is something that takes time and energy. It’s certainly not something that just happens spontaneously. If you have children, one of the things you probably want to start planning as soon as possible is financing a college or post high school education. In today’s world,
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In England, as in many other parts of the world, the tax code can be, not only hard to decipher, but time-intensive to navigate as well. It pays to know the ins and outs of the British tax code so you can find hidden benefits and credits. Many of these benefits are for low income families as well. Take, for example the
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Individual Savings Accounts Everyone likes to save money and keep as much away from the taxman as possible, so individual savings accounts are a popular option in Britain. It’s ISA season where banks and other ISA companies dangle great deals and better interest rates in an attempt to woo us to their stock or cash
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Doug Casey on Taxes and Freedom The always-outspoken Doug Casey addresses a broader view of taxation and its costs to both individuals and society in general in this interview with Louis James. L: Doug, the Taxman cometh, at least for most US citizens who file their annual tax papers on April 15. We get a
IRA Distribution Rules are a mine field. One incorrect move and you can discover yourself faced with high taxes and penalties that may wipe out years of savings and investment. Complicating issues is the Darwinian evolution of IRAs that have taken place since the pioneer IRA was introduced in ’74 with the enactment of the Employee
if you’d like to get some big bucks back from some major business expenses this year, you should elect to file the 179 deduction, because this will not automatically be done for you.
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