Family Finances

Top Reads: Tax Tips

With the upcoming 2018 income tax deadline, this week’s top reads are full of tax tips to help you get the most out of your tax return. In the Personal Tax Tips section, Eric Roberge helps us to determine whether we should hire a professional to file our taxes or Read more…

By GuideVine, ago
Taxes

Top Reads: Last Minute Tax Moves for 2017

With the fast-approaching deadline to file your 2017 income taxes, Raghav’s top reads includes even more helpful articles on the topic of taxes (for the last top reads edition dedicated entirely to taxes, click here). If you’ve already filed or are feeling “taxed out,” we’ve included articles about taking career Read more…

By GuideVine, ago
Taxes

Down to Business: Choosing Which Corporate Tax Structure Makes Sense

It takes guts to run a business--but it also takes a firm grasp on how different businesses function if you’re going to succeed as an entrepreneur. Depending on your line of work, your income projections and tax bracket, and whether you plan to take on corporate partners or hire staff (full-time or freelance), you face several choices--each with broad implications on your personal financial picture.

By Jane Hodges, ago
Taxes

Year-End Financial Moves for the Self-Employed

While taxes are due in April for calendar 2017, certain gestures must be made before 2017 ends. Freelancers should make sure to open retirement accounts (SEP IRA) by 12/31, even though they have until mid-April to fund them. Freelancers should also review income from 2017 to see if it’s trending higher or lower, and whether that might impact taxes. Mitigation strategies in an up year might include adding funds to a retirement account or HSA, which can help lower adjusted income.

By Jane Hodges, ago
Family Finances

Health Insurance Decision Time Forces Big Questions

With few exceptions, insurance is mandatory for Americans. Those who don't have a policy through work or, if self-employed, don't purchase their own policy, face tax penalties. You can open and invest in a Healthcare Savings Account (HSA) to take advantage of healthcare cost tax deductions--but doing so may require that you buy one of the more "deluxe" HSA-approved plans on the marketplace.

By Jane Hodges, ago