The IRS has announced that in 2022, the estate and gift tax exemption will be increased to $12,060,000 per individual, up from $11.7 million in 2021.
Posted ByWhile conventional wisdom often states that investments will grow over time, that isn’t always the case. Fortunately, when an investment’s return is down, there is potential for harvesting tax losses. Tax-loss harvesting may reduce your annual income tax liability. What is tax-loss harvesting? Tax-loss harvesting is done by selling a security that has a fair
Posted ByDomestic equity markets experienced their worst first half of a year since 1970 when the markets closed on June 30, 20221. The S&P 500, as an example, was down 21 percent the first half of this year. Additionally, the bond market has experienced volatility largely due to rising interest rates. Many investors understand that market
Posted ByA Health Savings Account (HSA) is a tax-advantaged medical savings account available to individuals who are enrolled in high-deductible health plans. HSAs have three main tax advantages.
Posted ByA Qualified Charitable Distribution (QCD) is a helpful tax-planning tool for those who are charitably inclined. It is a charitable donation from an Individual Retirement Account (IRA).
Posted ByThe IRS allows individuals to deduct qualified medical expenses that exceeded 7.5% of their adjusted gross income (AGI).
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The Best and Worst Airlines of 2022
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Not one airline had a particularly good year. Blame staffing shortages, aggressive scheduling, bad weather and big crowds. But Delta ranked first among nine U.S. carriers in The Wall Street Journal’...
Here's Why a Crisis May Actually Be the Best Thing That Can Happen to You
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Bad things will happen — to our businesses, in our lives, and in the world. It is all too easy to be derailed, and lose track of our goals. But crises can also provide opportunities for clarity. Emb...
Video Gaming Needn’t Ruin Your Family Travel Vacation
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A notable mental health expert offers advice and insight to prevent video game addiction from tarnishing your family vacation.
6 Secret Tools for Flying First Class (Without Paying Full Price)
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It's time to reimagine upgrading. Here are some strategies from Entrepreneur Magazine on how to afford first class for every flight, business or personal.
8 Tips To Accomplish More With Less In 2023
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Whether it's maximizing productivity by working fewer hours or finding ways to spend more time doing what you love, finding ways to get more out of what we have is such a valuable skill.