Taxes

Roth IRA vs. Traditional IRA

What Is a Roth IRA?

One of the more popular retirement accounts is an individual retirement account, or IRA. IRAs come in two main forms: a traditional and a Roth IRA, and both generally function the same way. The main difference between them is how they are taxed.   How a Roth IRA Works A Roth IRA is a financial Read more

Smart Tax Loss Selling

Smart Tax Loss Selling in 2018

It’s the end of the year, and the stock markets are down. It’s true; the markets may not have been too favorable to many people this year. There is a bright side to the dismal markets. It presents an opportunity to capitalize on tax savings by selling low performing stock: this is called tax loss Read more

Tax Tips to Follow

Tax Tips to Follow before 2019

The end of 2018 is fast approaching. Soon, you’ll need to file your taxes. Tax season doesn’t have to be filled with dread and worry. There is still time to make your 2018 tax filing a more successful one. Follow these tax tips and you may have a better 2018 tax experience. Things to do Read more

Tax Deductions

2019 Tax Deductions Are Getting Larger: What This Means to You

In 2018, the standard deduction you could claim on your taxes was raised to almost double the past amount. Many American families will see the savings reflected when filing their taxes for 2018. The IRS recently announced the new adjustments for the 2019 tax deduction. There were a few surprises; namely, the standard deduction has Read more