Save Taxes with Summertime Planning

Looking to reduce your 2015 income taxes? Consider these summertime strategies. Take a credit for summer day care. If you have one or more children under age 13, your costs of in-home childcare, a day care facility, or sending the kids to day camp may qualify for the Child and Dependent Care Tax Credit. The […]

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Self Employed? Start Saving for Retirement

If you’re self-employed, retirement may be the last thing on your mind. When financial gurus recommend setting aside 15-20% of your income toward retirement, your eyes may glaze over. After all, as an independent contractor or small business owner, you know income is often sporadic. Clients don’t always pay on time. Markets tend to move […]

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Standard or Itemized: Which Should You Choose?

Each year when you file your federal income tax return, you have a choice to make: claiming the standard deduction or using an itemized list of qualified deductions to calculate your taxable income. Sometimes the decision is easy. For instance, if you have a large mortgage or make substantial charitable donations, you’ll generally come out […]

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Financial Tips for Second Marriages

Disagreements about spending and debt can disrupt any marriage, but they can be particularly divisive when one or both partners have been married before. People entering second marriages often come with additional financial baggage, like child support, alimony, and carryover debts. Nobody wants to be stuck with obligations from their partner’s former relationship, but such […]

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