Articles
Why You Shouldn’t Be Planning on a Big Refund
Why You Shouldn’t Be Planning on a Big Refund Most people love tax time for one thing: a big refund. Of course, there’s not much else to love about it. But things are a little different this year. Those big tax refunds people are used to getting are not showing up. So far, the average refund is down by…
Is Your Large Tax Refund a Good Thing?
Is Your Large Tax Refund a Good Thing? What’s the best part of tax season? When it ends, right? Well, for many taxpayers that might be the answer. But for millions, the fact that they get a large refund is probably what comes to mind. A big tax refund might seem like a great thing on the surface. Who…
Will the Shutdown Delay Your Tax Refund?
Will the Shutdown Delay Your Tax Refund? Whether or not you’re following the government shutdown, eventually it could affect you. For most people, life has continued as normal since the federal government decided to shut down late last year. If you don’t work for the government, then chances are you haven’t noticed any significant changes…
The Big Changes You Need to Know Before Tax Day
The Big Changes You Need to Know Before Tax Day It’s safe to say this could be one of the most interesting tax filing seasons in the last several decades. This is the first year of filing taxes under the new Tax Cut and Jobs Act. And that means there are significant changes you need…
How Will Billion Dollar Lottery Winner Fair Under New Tax Law?
How Will Billion Dollar Lottery Winner Fair Under New Tax Law? What would you do if you won $1.5 billion dollars? That’s exactly what happened for one ultra lucky individual in October. The life of the winner of the largest single ticket jackpot in history will never be the same. What about his or her…
What a $1000 Investment in Tesla 8 Years Ago Is Worth Now
Have you ever fancied yourself zooming around in a Tesla? Perhaps you already own one of these amazing vehicles. You might even own stock in the company. Many Tesla drivers have also invested in the company. So what is that investment worth? At the time of this writing, Tesla Shares were worth roughly $320 each. No doubt that…
Are All Fines Non-Deductible?
Are All Fines Non-Deductible? A few weeks ago Elon Muck made some big news when he got in trouble with the SEC. The agency investigated the Tesla CEO after he made public comments about possibly taking the company private. There was even talk he could be ousted from Tesla. In the end, he was able to keep his post…
Could You Claim a Tax Credit for Your Nanny?
Could You Claim a Tax Credit for Your Nanny? Although tax laws have certainly changed under the Tax Cut and Jobs Act, there are still numerous tax credits available. Some of these credits are obvious. But there are several you might be overlooking. For example, did you hire or use a nanny throughout the year? Many high net worth…