by on October 17, 2022
Giving to charity feels good and there’s even a financial benefit as you can deduct any charitable donations from your taxable income. However, there are many rules that govern those donations. Cash gifts are handled differently than non-cash gifts, and different rules apply depending on the amount of the donation. Tax laws can be complicated, but you can easily find out the details for everything through online research or from your local tax professional. ...
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by on September 19, 2022
In today's WealthCare Blog, we are going to talk about seven effective strategies to help reduce estate taxes.   The information, views, and opinions provided or expressed by authors or publishers on WealthCare Blogs are for general education and entertainment purposes only. No advice or recommendations are provided. You should consult with an appropriately licensed wealthcare professional or do your own due diligence before making any wealthcare decisions.
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by on August 29, 2022
Ah, retirement. Fun in the sun, golf and lemonade by the pool are the dream of every working person. While you’re welcome to retire anywhere you want, where you choose to retire can have a significant effect on your finances and retirement lifestyle.   The right state for your retirement will depend on your level and sources of income. Different states have different tax laws that can really make a difference in the amount of money you'll have left over in your pocket at the end of each mo...
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by on June 24, 2022
Is the IRS on your gift list? You might not think so, but if you don’t take all the tax deductions that you’re entitled to, then you’re just giving your money away. There are many tax deductions and credits that are not well known.   How much money are you giving to the IRS that could be happily filling your wallet instead? ...
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by on June 13, 2022
There are some great advantages to being self-employed. Being self-employed allows for plenty of opportunities to minimize your taxable income by turning expenses you would have even if you weren't self-employed into tax-deductible business expenses.   This article will give you some of the information you need to dramatically reduce your taxable income with a little work and planning. ...
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