How to Save Money

To slide into this very good habit all it takes is a process called commitment. Once you commit to saving money, you will begin to develop and adopt what some people term as an efficient savings system. You’ll know you have learned how to save money efficiently, the growing will show in your net worth. Think practically. Read More…


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Learn About Investing and Finance

Investing and finance may sound like a world unto its own, but it can be mastered with relative ease. All one has to follow are 5 general principles. I say that based on my past experience as a stock broker, real estate broker and mortgage banker.
I am not bragging about my experience I’m saying these principles apply to all investing and finance arenas. All you need is the discipline to put them in place and then follow them. Go Home…


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Tax Tips Today

Tax tips come in a variety of shapes, sizes and value. It seems every guru who can spell tax has tips for sale. However, the best tax tips may be in front of your eyes as you prepare your return. In fact, read this and become a little more savvy next tax time around. Read More…


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Start Budgeting Your Money Better

Everyone has heard the word budget. Unfortunately not everyone knows what a budget is or its intended purpose. Read More…


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2009 Federal Income Tax Deductions

If you are one of those generous people who donated to help Haiti, you can deduct the 2010 Haitian Relief Donations on your 2009 Return.

According to the IRS, you can claim 2009 deductions for Haiti relief donations made between Jan. 12 and Feb. 28, 2010. The IRS defines cash donations as those that include contributions made via check, money order, credit card, charge card, debit card, phone or text message. This is pretty much their standard definition.

If your donation(s) were under $250, you need either a bank record such as a cancelled check or credit-card statement or a receipt from the charity to prove your generosity. If your donation(s) were $250 or more, you must have a receipt from the charity.

Some people donated using their phone or by a text message. The IRS says a service provider bill showing the name of the charity, the donation date, and the amount is sufficient proof. In order to deduct these charitable contributions, you must itemize your taxes. For more information to help save your money at tax time check out Tax Tips and Tax Reduction Tips today.


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Non-deductible Deductions

Many taxpayers confuse spousal and child support with alimony. Of the three, only alimony is deductible. It is considered income to the recipient and an expense to the payer. All of us wish we could deduct spousal and child support expenses. We’d probably never owe a dime in taxes if that was the case. Read More…


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Today’s Retirement

Let’s face it, you have worked the last forty to fifty years only to now wonder if you’ll have to work another forty. That’s no good. We agree, it’s sad the state of financial and economic affairs this country is in. Read More…


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Tax Records

The term tax records refers to your tax returns and the documents supporting the information in these returns. Supporting documents, for most people, include receipts, bank statements, 1099s, expense logs, etc. Read More…


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How to Turn Taxable Income into Tax Free Income

Believe it or not, there are ways to convert taxable income into non-taxable income, without any fear of an IRS audit. All you really need is the how-to information so you can get started. Read More…


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Death and Taxes

Death and taxes bring to mind something called estate planning. Most of us estate plan simply by making a will. Some of us don’t do anything. The rest of us do something that is absolutely brilliant. Read More…


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