With sites such as VRBO, Home Away and Airbnb, there has been a rise in the number of residential and vacation rental homes. If you are considering renting out a vacation home or personal residence, you should be aware of the tax implications. First determine if the dwelling unit is used as a residence. […]
Here are the 2017 allowable amounts for some popular retirement savings accounts: Employer Plan Deferral Limits (401ks, 403(b) and most government plans): No change. $18,000 and a $6,000 catch-up for those 50 and older. IRAs (both Traditional and Roth): $5,500 with a $1,000 catch-up. This has been the same for 5 years. Allowable contributions […]
Enrollment for healthcare for the 2018 year is between November 1 and December 15, 2017. Go to HealthCare.gov to enroll or to specify if you want to Keep or Change your plan if you are already enrolled. You may be eligible for a Premium Tax Credit which means you don’t have to pay your entire […]
Thank you to all the men and women who have served or are currently serving in our armed forces. We are grateful for your commitment to protect and defend our nation. For information on five Social Security Benefits every veteran should know about, please see the Social Security Matters article. To learn of resources the […]
