Domestic 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 ByPlanning was particularly challenging this year due to the uncertainty surrounding pending legislation that could, among other things, increase top rates on both ordinary income and capital gains starting next year. On December 16th, it was announced that the Build Back Better bill would be debated further in January but there would be no changes in tax law in 2021.
Posted ByTypically, tax law limits charitable deductions to 60% of your adjusted gross income (AGI). However, there is a temporary suspension of the limits on deductible charitable contributions under the CARES Act. For a contribution to qualify, it must be a cash contribution made to a qualifying organization during the 2020 calendar year. Donor Advised Funds
Posted ByThe Coronavirus Aid, Relief, and Economic Security (CARES) Act added an above-the-line tax deduction for 2020. Taxpayers who make a qualified charitable contribution and who do not itemize their deductions using Schedule A may be eligible for a deduction from the calculation of gross income.
Posted ByIf you’re one of the millions of self-employed people who pay for their own health insurance for themselves and their families, you may be entitled to a special tax deduction.
Posted ByA Health Savings Account (HSA) is a tax-advantaged medical savings account available to individuals who are enrolled in high-deductible health plans. Learn about these tax-free HSA distributions.
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The New, More-Hopeful Face of Alzheimer’s Disease
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Advances in early detection and management of the disease have changed the way patients view an Alzheimer’s diagnosis—and how they live with it.
How to Hit a Golf Ball Farther, According to Research
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These are the physical attributes that can make a big difference—and those that won’t.
What Middle-Aged People Can Do Now to Help Prevent Dementia Later
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Intervening earlier to improve brain health might help you stay sharper as you age.
5 Lesser-Known National Parks Worth The Trek
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Some of the least visited national parks are in remote locations in spots like the Alaskan wilderness or South Pacific. These 5 lesser-known U.S. parks are worth the trek, Forbes says. Have you been?