by Marilou Davido | Dec 29, 2021 | Resources
The interest rate on US Treasury Series I Savings Bonds are comprised of two components: fixed rate and variable inflation rate. Both components are redetermined every six months by the US Treasury and apply to I Bonds purchased/issued during that six-month period....
by Marilou Davido | Dec 28, 2021 | Resources
We’ve discussed some tips for Individual Tax Returns. Now, we’re highlighting Tax Tips for small businesses, specifically Schedule C and E. For more help reviewing the corporate structure of your business or for help filing taxes, give us a call at...
by Marilou Davido | Dec 24, 2021 | Resources
Home Equity Line or Cash Out Refinance? The HELOC (home equity line of credit) is a very common loan to consider, especially when a homeowner has significant equity in their home. Read on for the pros and cons of a HELOC, compared to a cash-out refinance mortgage to...
by Marilou Davido | Dec 18, 2021 | Resources
This is a federal income tax concept. Generally, taxable unearned income (interest, dividend, capital gain, and rental income) received by a dependent may be taxed at the parent’s tax rates. This is known as Kiddie Tax. A dependent is anyone who isn’t required to file...
by Marilou Davido | Dec 17, 2021 | Resources
Harvesting capital gains can be an important financial strategy during year-end tax planning. The tax-gain harvesting strategy applies to nonqualified (NQ) investment accounts versus a retirement account like a 401(k), IRA, or Roth IRA because income earned in a NQ...
