Among business owners I know, “I can write it off” has become almost a daily refrain. Business owners can definitely deduct legitimate expenses from their income – and in some cases can claim a business loss if expenses exceed income. But not all income tax losses are completely tax deductible. If you have been dragging [...]
Now that the IRS has started accepting returns and distributing tax refunds, many of you are receiving large sums of money. If you’re not careful, you can easily sweep this money into your regular spending, earning several hundred to several thousand dollars worth of “extra” income and having nothing to show for it – it’s [...]
Whether or not you’re a fan of Suze Orman or other financial experts, you’ve probably heard of her popular TV segment, “Can I Afford It?” On each episode of her show, callers ask permission to purchase items/experiences ranging from concert tickets to vacations to cars to second homes. Suze asks them a variety of questions [...]
I’m a numbers girl. Always have been, and always will be. I see things in numbers and fractions and percentages. Budgeting and tracking my spending comes easy for me because of that. But if you’re a visual person, you might find it a little harder to stay aware of your financial situation. So today, I [...]
The 2001 Bush Tax Cuts lowered estate taxes, phasing in rates that brought the existing estate tax rate from a maximum of 55% to 35% over 10 years. Under that deal, the 35% estate tax rate was to stay in effect through the end of 2009. Estate taxes were set to disappear altogether in 2010, [...]
