Supercharge College Savings
If you plan to help your children pay for college, here are some common mistakes to watch out for, as well as a brief introduction to three tax preferred investment savings strategies you should investigate further. (Download Now »)
Make the Most of Charitable Gifts
Charitable gifts let you do well for yourself while you do well for others. And Congress loves to be on the side of doing well by doing well for others. The tax code is generous to a fault regarding charitable gifts. In fact, many tax reformers include deductions for charitable gifts in their otherwise “flat” tax proposals. (Download Now »)
Tax Strategies for Concentrated Stocks
Have you spent most of your career with a single employer? Have you inherited a block of stock? Did you get in on a company early, and hold on for a long, profitable ride? If so, you may have accumulated a real boatload of a single company’s stock that could present a serious tax trap unless you take the right steps. (Download Now »)
The Tax Shelter Over Your Head
Despite uncertain real estate prices, buying a house is still a smart choice for most families. Buying, rather than renting, replaces nondeductible rent with deductible mortgage interest. You can borrow tax free against your home’s growing equity. And you can sell your home for up to $500,000 profit, tax free. (Download Now »)
Vacation Tax Shelters
Vacation homes give you similar tax breaks as your primary home. They also give you the chance to earn tax-free or tax-advantaged income. As the “baby boom” generation grows older and more affluent, vacation home prices are rising, in some areas even faster than primary residences. This combination of income and appreciation is making second homes attractive investments. (Download Now »)
Cut Taxes with Cost Segregation Study
What if you could get in a time machine and pay less taxes? I think most people would be thrilled and jump at the chance. It might sound crazy, but there may be a ticket onto a tax time machine for you. (Download Now »)
Health Savings Accounts for Self-Employed
Rising gas prices may capture headlines, but today’s soaring health care costs are an even more consistent financial threat. Raising your health insurance deductible just a few thousand dollars can cut your premium by up to half. (Download Now »)
Tax Strategies for Car & Truck Donations
Used cars and trucks have always been popular charitable gifts, and in the wake of recent hurricanes and natural disasters, they’re likely to become even more popular. Many charities have toll-free hotlines for car donations, with volunteers who pick it up from your home. (Download Now »)
Why You Should Hire Your Kids
In addition to the important learning experiences and lessons your kids can learn by working, putting them on the payroll can keep a lot of tax dollars in your pocket. By putting your kids to work for your business, you can shift income from your higher tax bracket to their lower tax bracket. (Download Now »)
|
