This year is quickly coming to an end, so now is the right time to do a quick review to make sure that you’ve done everything you need to in this calendar year. Here are a few items to consider: […]

The Social Security Administration announced a 1.6 percent boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2020. The increase is based on the rise in the Consumer Price Index over the past 12 months ending in […]

The end of the year is coming on fast, but there’s still time to reduce your potential tax obligation and save money this year (and maybe even next). Here are some ideas to consider: Estimate your 2019 and 2020 taxable […]

In 2018, the government attempted to “simplify” the tax-filing process by drastically shortening Form 1040. The result was six new schedules that created a lot of confusion. Now the IRS is attempting to ease some of that pain by revising […]

Each year thousands of people fall behind in paying their bills, oftentimes due to circumstances outside of their control. If you find yourself in that situation, you may end up dealing with aggressive debt collectors. If you do, realize that […]

As you approach your retirement years, it’s important to have a basic understanding of the IRS gift giving rules. Once you understand them there are opportunities to leverage this tax law without creating a tax problem. The rules You can […]

There are a variety of scams and fraudulent schemes that target older adults. IRS impersonation scams are the most prevalent scams targeting older adults, but financial scams can take a variety of forms. Unfortunately, funds stolen as a result of […]

Everybody likes getting something for free, and taxes are no different. Investing in securities like municipal bonds (sometimes referred to by the nickname “munis”) or municipal bond funds generates tax-free interest income. Here is what you need to know. Tax […]

It’s possible that someone in your family will need assisted living care at some point in their life. This care can be at an assisted living facility, a nursing home, or in their own home. Often, assisted living care is […]

The IRS remains on the lookout for tax scams that can hoodwink unsuspecting taxpayers. Recently, two new variations of past scams have been discovered to be on the rise. Here’s what you need to know: Scam 1: The SSN hustle […]