November 3, 2012
Time is Running Out - Act Now to Minimize What You Owe in 2013
Are you aware that you may be facing a sharp spike in taxes as of January 1, 2013? That could happen because of several factors, including the expiration of Bush Administration tax cuts and other pending tax law changes. The result could affect up to 90% of Americans and translate into an average tax hike of around $3,500 per household. Will you be affected? If you are, what can you do now to minimize the impact? Tax planning isn’t just for the wealthy. This is especially true this year with so many tax provisions up in the air. It’s always best to begin tax planning sooner rather than later, but it is not too late! Be sure to contact us for help in answering these questions and advice on all your tax and financial concerns.
Let’s face it. Kids aren’t cheap, so you have to save money where you can. Back-to-school shopping is a good place to start because costs can add up quickly—especially if you have more than one child. Consider these tips for sending your kids back to school without breaking the bank.
According to the commission's online claims process, those whose personal information was exposed can opt for 10 years of free credit monitoring, which breaks down as follows: Four years via the three major credit bureaus (Equifax, Experian and TransUnion) and six years specifically through Equifax.
With all the tax law changes this year, be sure that you are getting your just deductions in the coming tax season. That is, qualifying deductions that fall under the Child and Dependent Care Credit. According to tax giant and trusted resource Intuit, here’s the skinny…