From building equity to giving you a chance to settle down and plant roots, homeownership comes with potential benefits that renting simply doesn’t offer. Among them are several tax advantages worth knowing about.Here’s a quick look at how to make the most of those tax deductions. Deducting mortgage interest Unless
The IRS, states and the tax industry have formed an even stronger partnership in face of a constantly evolving enemy – the identity thief. In recent years, the they have helped convict nearly 2,000 identity thieves thanks to our Criminal Investigation division and they currently have 1,700 open investigations. How tax payers
Spring is so close, we can taste it! So we thought we’d use the last of these chilly temps to prepare for our futures. Let’s start this month off right with this checklist: Daylight Savings Chores There are a few things that only need to be done a couple times
1. Not taking advantage of the Stretch distribution option or not establishing it properly. The Stretch IRA is a way for each IRA beneficiary to maximize payouts over their life. Properly designating beneficiaries and informing them of the IRA owner’s Stretch intentions are key to making this strategy work. 2.
It’s that time of year — TAX TIME! And tax-related identity theft is on the rise. Scammers have gotten really good at stealing people’s Social Security numbers and fraudulently claiming their refund. The IRS tries to combat this crime with an aggressive strategy of prevention, detection and victim assistance, but
Re-Evaluate Your Budget – If one of your goals this year was to get your finances organized and start spending less frivolously, then now is the time to look back at your first month’s spending habits. Compare the numbers to what you thought you would spend and make the appropriate