Personal Finance News

6 Ways to Reduce Your Chances of a Tax Audit

6 Ways to Reduce Your Chances of a Tax Audit

Tax time is tough enough without having an audit to deal with after you submit your return. Yet, the truth is that you can never safeguard yourself against an audit entirely. That is true whether it’s a business or an individual return. However, there are precautions that you can implement to put your best foot forward with the IRS. You […]






by February 6, 2017 0 comments Taxes
Guide to Choosing the Best Tax Preparer

Guide to Choosing the Best Tax Preparer

Face it: the average person is not a tax professional, so you probably aren’t either. Yet every year you decide to take on the complexities of the tax code all by yourself. Sometimes, it is to the detriment of your finances. It’s no secret that the tax laws can be downright impossible to navigate with their constant updates and changes. […]






by February 3, 2017 0 comments Taxes
Getting Married and Your Taxes: 9 Things You Should Know

Getting Married and Your Taxes: 9 Things You Should Know

Now that you have tied the knot, congratulations! As you might have guessed there are going to be a lot of changes in your life. These adjustments include how you file your income taxes. The way you file and the many possible benefits that you may be able to claim are just the beginning of it. You and your spouse […]






by January 31, 2017 0 comments Taxes
A Beginners Guide to Filing Your Taxes

A Beginners Guide to Filing Your Taxes

As the old saying goes, the two things you can always count on in life are death and taxes. The first one is probably (hopefully!) a long way off. However, the latter has probably snuck up on you all too quickly. First-time filers often get intimidated by tax time because there are so many different forms. The penalties for filing […]






by January 30, 2017 0 comments Taxes
How to Budget on a Variable Income

How to Budget on a Variable Income

Sometimes you just do not know how to create a personal budget because you are not sure how much you will make every month. This is called variable income. Anyone who works as a freelancer or counts themselves among the self-employed in this country knows the struggle very well. When your income fluctuates wildly from one month to the next […]






by January 29, 2017 0 comments Personal Finance
How Much Investment Risk Can You Handle?

How Much Investment Risk Can You Handle?

Risk tolerance. It is a vital component to investing. You could say the two go hand in hand with one another. The key to navigating the waters successfully is by understanding what it is and how much you are willing to take on. Investment risk works differently for each of us. That is because our financial situations and goals vary […]






by January 27, 2017 0 comments Investments
702 Retirement Accounts Explained

702 Retirement Accounts Explained

Saving for retirement is all about keeping as much of your money as feasibly possible. That means protecting it from being whittled away slowly by fees, penalties, and taxes. It is that last one that most of us have the toughest time avoiding. Yet, we sure do try to find new and creative ways to do it. In fact, some […]






by January 20, 2017 0 comments Retirement
Understanding Commonly Used Tax Loopholes

Understanding Commonly Used Tax Loopholes

The tax code. Hardly the stuff of breezy beachside reading. Those who do sit down and explore every nook and cranny of its complexities will find a litany of tax loopholes. Individuals and corporations alike can (and do) exploit them for the purposes of paying as little as possible to Uncle Sam. However, the tax code is constantly evolving and […]






by January 19, 2017 0 comments Taxes
What Does a Trump Presidency Mean for Your Finances?

What Does a Trump Presidency Mean for Your Finances?

Love or hate him, say what you will about him, Donald J. Trump has been elected as the 45th President of the United States. Most are undoubtedly familiar with the platforms on which he ran. They included promises to build a large wall between the United States and Mexico, imposing a ban on Muslims from entering the country, and repealing […]






by January 18, 2017 0 comments Personal Finance
Five Helpful Tips for Refinancing When Rates Start to Rise

Five Helpful Tips for Refinancing When Rates Start to Rise

In December 2016, the Federal Reserve announced a rate hike. It is the second in a year after the previous hike took place at the end of 2015. It was a decision that financial analysts had expected due to improving employment numbers in the country and an economy that was strengthening. This upward trend was enough to make the Fed […]






by January 17, 2017 0 comments Mortgages