Money Today That Matters Tomorrow
Despite ObamaCare, formally known as the Affordable Care Act, having been around for several years now there is still considerable uncertainty around the various tax credits and subsidies on premiums, deductibles, co-payments, and coinsurance. The value of these credits and subsidies are generally dependent on your modified adjusted gross income (MAGI) and family …
President Obama’s signature health care legislation, the Affordable Care Act, is very much in place now and in the next few months a number of Americans are going to see a lot more of the regulations and laws come into place. This includes: Penalties for No Health Insurance. Beginning in …
Undoubtedly, the most complicated part of going to college is paying for it. But, the benefits of going through life with a degree make the troubles of college funding worth it. Unfortunately, the cost of attending college is determined to touch the sky and doesn’t seem to let up anytime …
The Congressional Budget Office (CBO) has published an interesting report titled, The Distribution of Major Tax Expenditures in the Individual Income Tax System, that shows how 10 of the largest tax breaks, credits and deductions are distributed across household with different income levels. These tax breaks (or tax expenditures as …
The NY Fed has a great set of maps that show the dynamic return of the US housing market with home prices posting year over year double digit gains in many areas. Some experts are even saying that home prices in states like California, Florida and New York are rising …
With the 2012 tax season in the rear view mirror, its time to start thinking about 2013 taxes and strategies that you can put in place to minimize taxes owed in 2014. But before that take some time to familiarize yourself with the new 2013 tax brackets shown below. But, be careful …
Target date funds are mutual funds that are professionally managed with asset allocations and risk profiles set to change along a glide path reflecting your target retirement date. For example you would be buy a 2050 target date fund if you expect to retire around the year 2050. Or put …
The good news is that in many of the states where the minimum wage is higher than the prevailing federal rate – generally higher cost of living areas – there is a strong push in 2023 to continue raising the minimum wage as inflation soars. See more in this updated …
The title of this article was based on the following email I received a couple of weeks ago. It’s a topic that a number of people can relate to around tax time, so I also published my answer below. “Last year my wife was pregnant and took 4 months of work …
U.S News just released their 2013-2014 rankings of business schools with little change from the previous year. Despite a tepid economy and higher than average unemployment, business school admissions and tuition rates continue to rise. Particularly for part-time and online business, or MBA, degrees. Getting a graduate business degree is almost becoming the …
When it comes to tax season I receive a lot of reader questions, many tinged with a hint of desperation, around why IRS tax refunds are taking so long to be processed and what can be done to get their money sooner rather than later. This was no different in the …
The market continued on its rampage reaching an all-time high, surpassing levels last seen before the 2008 financial crisis. This is despite Congress and the Biden administration squabbling about the impacts of additional spending and who would be blamed for a potential economic calamity due to the inefficiency of Washington. …
My realtor who helped with buying my home a few years ago occasionally sends me newsletters on the state of the US housing market. For the most part this is marketing material looking for referrals and to keep her in mind if when I decide to sell or upgrade. But …
The IRS publishes several bulletins which contain useful information for tax payers with dependents – e.g parents, grand parents and guardians – that apply to many of my readers. I have summarized the key points below including references to related articles for the latest tax season. Tax Benefits for Parents Important …