4 Awesome Summertime Tax Saving Tips

Summer is usually the time for relaxing, but it can also be a time for tax savings, especially if you’re still reeling from an unexpectedly large tax bill in April.  Here are four timely tips: Rent your home.  If you rent out your main home or a vacation...

Replacing Lost Tax Breaks for Your Growing Children

Your kids are getting older.  Before you know it they’ll be dating, driving and entering college (if they aren’t already).  Tax breaks drop dramatically as your children grow up, but you may be able to offset the losses with some timely tax planning. ...

3 Great Charitable Deduction Ideas

Despite what you may have heard from friends or family, you can still claim generous tax benefits for charitable contributions.  Here are three prime examples of charitable tax breaks ripe for the picking if you know where to look:  Qualified charitable...

How to Maximize Your Social Security

You can begin receiving your Social Security retirement benefit as early as age 62.  But by putting off your benefit start date, you can receive a check that is 8% higher for each year you delay receiving your benefit. The Basics – Full retirement age. ...

The $500,000 Homeowner Tax Break

There is a large tax break that allows you to exclude up to $250,000 ($500,000 married) in capital gains on the sale of your personal residence.  But making the assumption that this gain exclusion will always keep you safe from tax can be a big mistake. ...