As a DINK couple, you may find yourself and your partner in the enviable position of earning high salaries. While having a high income is a nice reward for hard work, there are also drawbacks, one of them being the amount of taxes that you have to pay. However, there are legal high income earners' tax strategies that can limit the tax burden you face. … [Read more...] about What Are the Tax Strategies of High Income Earners?
Save money, invest said money and repeat. This simple investment portfolio strategy helps you earn more money and keep that money in your hands. Who wouldn't want to try out a simple strategy that helps them make more money? … [Read more...] about This Simple Investment Portfolio Will Save You Time and Make You Tons of Money
It is pretty common for people to refer to themselves as being in one specific tax bracket. They think that if they're in the 22% tax bracket, then all of their money is being taxed at 22%. Well, I am here to bust that myth just in time for tax season. … [Read more...] about Do You Really Know How You Are Being Taxed?
Since it is time to start compiling your tax information, I wanted to share this summary of 2020 tax code updates I found on YouTube last week. The author is "Mike the CPA", a self employed CPA and YouTube content producer. His stuff is worth watching if you're into maximizing your tax efficiency. … [Read more...] about Summary Of 2020 Tax Code Changes
Transitioning from young adult into a full-fledged grown-up can be a bumpy process, and getting your priorities in order while you're young is often referred to as 'adulting.' One of the things that go hand in hand with adulting is how you can impress your friends with your ability to get things done well. You don't need to be an expert, but it won't hurt to use this advice and … [Read more...] about Adulting Like a Pro: Tips To Help You
As the end of the year approaches, our minds turn to the holidays and a less than pleasant thought – taxes. Parents get a child tax credit for each dependent under the age of 17. Last year’s tax reform package increased the deduction from $1,000 to $2,000. Couples without any children don’t get the big tax break, but you still have some ways to decrease your tax liability for … [Read more...] about Last Minute Tax Planning for Couples With No Children
Have you already gotten a taste of your 2018 tax refund in the form of a higher paycheck this year? … [Read more...] about Hold on to That 2018 Tax Refund
The Internal Revenue Service has announced its plans for 2018 taxes -- including tax bracket rates, deductions, credits, and exemptions. … [Read more...] about What You Need To Know About 2018 Taxes