With cold and flu season ramping up, your wallet is likely to take a hit – especially now that the threshold for claiming the medical deduction has increased under Obamacare. What options exist for easing the pain of copays, medications and other medical expenses?
Read MoreTag: tax
Achtung Baby: Bono Defends U2 Tax Moves
U2 is one of the most successful rock bands in the world. Frontman Bono is considered one of the most charitable men in the world. Yet, when it comes to economics, the band chose to move some operations to the Netherlands in order to pay fewer taxes. Is that hypocrisy? Bono says no.
Read MoreThe Game Is Giving Away $1 Million ‘Just Because I Feel Like It’
Rapper The Game has pledged to give away $1,000,000. And it’s not going to big name charities but to small time folks. What are the consequences of these kinds of gifts?
Read MoreSurviving Tax Season: It’s Not Over Yet
With a few weeks to go before tax returns are due for those individuals on extension, tax professionals are already looking forward to the season being over. But who’s to blame for the mess this year?
Read MoreAre You Ready For Some (Charity) Football? Defense, Donations & Deductions
Over the weekend, a little game of charity flag football resulted in thousands of dollars donated to charity. But who gets the deduction – and why?
Read MoreBack To School: 10 Smart Tax Lessons To Move You To The Head Of The Class
School is in session and we’ve wrapped Back To School week! In case you missed it, here are ten things you need to know about heading back to school.
Read MoreBack To School: If You Pay Your Kids An Allowance, Do You Also Pay Uncle Sam?
It’s Back To School Week on the blog! All week long, I’ll be answering your questions about school and tax – complete with fun giveaways. Next up: if you pay your child an allowance, what are the tax consequences to each of you?
Read MoreBack To School: Deducting Tutors & Special Education
It’s Back To School Week on the blog! All week long, I’ll be answering your questions about school and tax – complete with fun giveaways. Next up: paying for tutors can be expensive. Can you deduct any of those expenses?
Read MoreFootball Players Prove What’s Right With Kids, Wrong With Sales Tax
We read a lot about what’s wrong with kids today. This story, about four football players from Division III William Paterson University, is all about what’s right with kids today – and what’s wrong with sales tax.
Read MoreBack To School: Taking Advantage Of The Tuition & Fees Deduction
It’s Back To School Week on the blog! All week long, I’ll be answering your questions about school and tax – complete with fun giveaways. Next up: college isn’t cheap. If you can’t take advantage of education credits, are there any deductions available?
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