Homeowners have traditionally relied on the mortgage interest deduction to provide an ongoing tax benefit. By doing so, the cost of mortgage interest is used as an itemized deduction to offset current taxable income. However, the potential usefulness of the mortgage interest deduction has been diminished by recent tax legislation.
The Tax Cuts and Jobs Act (TCJA) was passed and signed into law in December of 2017. The TCJA is often described as a tax reform bill, due to its broad scope. Read More»
Before you begin building your portfolio, you need to determine whether you’re a high-risk or low-risk investor. This distinction is incredibly important, not only for financial reasons but also psychological ones. Here are a few things you need to know.
What Are Low-Risk or High-Risk Investments?
In terms of a balanced portfolio, risk often refers to the volatility of investments. Bonds are one of the lowest risk options; you know you’ll make a certain amount every year, even though that amount isn’t very much. Read More»
When you’re starting a business there’s nothing more important than capital. You need money to buy the equipment needed to run your company as well as the funding to get the inventory that is requested by your clients. A great way for you to get your hands on a lump sum of cash is to receive a loan from the Small Business Administration (SBA.) The SBA is a government entity that is all about supporting entrepreneurs that are trying to get a business off the ground. Read More»
Tax free income strategies can help you earn money tax free. Most people think that tax free income strategies are only for the wealthy. But there are many smaller strategies that the average person can take advantage of and use. Here are a few of the tax free income strategies that you may be able to take advantage of.
Contribute to a Roth IRA Account
One of the most recommended tax free income strategies is to contribute to a Roth IRA account. Read More»
If you are planning a big event, want to take a vacation, or need to purchase a large-ticket item, you may need to borrow money for it. You could use one or more credit cards, or apply for a consumer loan. Here are a few things you should know before making a decision on how to get the financing you need.
Credit Card vs Consumer Loan
You may have some credit cards that are not maxed out and have enough remaining credit to pay what you need. Read More»
