The major player in your decision is your interest rate on the mortgage. If the rate is low, then most people do not pay the mortgage as they keep hold of their cash for diversifying their assets or liquidity.
Preserve Your Own Retirement Nest Egg While Providing Care for a Loved One
Care and Costs are two sides of a coin when it comes to taking care of your loved one. Increasing expenses may cause pressure even to the ones with strong financial background. You may need help from a few expertly approaches to restructure and balance the scenario, in order to avoid depleting your own retirement fund.
Attention Smaller Business Owners - Clearer Guidance on the "Qualified Business Income" Deduction From IRS
Dis-Union: States' Workarounds for the $10,000 Limit on the State and Local Tax Deduction
The 2017 tax law Tax Cut and Jobs Act (TCJA) allows individual tax payers a detailed deduction for state and local income, real property and personal property taxes. For tax years from 2018 through 2025, the TCJA under its sub section, disallows individual tax payers from subtracting more than $10,000 in state and local taxes.
10 Ways to Increase the Money YOUR Business Makes and Keeps
Turns out that to win football championships, as well as finance, you need to be good at both offense and defense. Much like football, if you want to increase the money your business makes, as well as learn how to keep it, you have to know the rules, have a strategy and play both offense and defense to win your financial game.
Love Ye the "New" Math
Gimme Shelter
It Came From Under the Ground!
The push for postcard taxes, along with the push for a so-called “flat tax,” are steps towards a bigger goal to eliminate the IRS entirely. But here’s some more uncomfortable reality. Even if we did have a postcard-sized flat-tax form we’d still need someone in Washington to administer it. We’d still need collections officers to chase down the people who don’t pay it. And we’d still need tax cops to catch the people who cheat on it. Much as we love to hate the IRS, it’s not going anywhere soon.
Here's to Your Health!
The Personal Health Investment Today (“PHIT”) Act would let you take medical deductions for general fitness expenses: gym memberships, exercise classes and personal trainers, sports and fitness equipment, and even pay-to-play school sports fees and race registration fees. (That’s right, your local Thanksgiving “Turkey Trot” 10k will be deductible!)
