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A Business .…May Be A Hobby
Mike is the proud owner of a deep-sea fishing boat. Although fishing isn’t his primary line of work, he takes the “Mariner’s Mermaid” out most weekends and often sells his catch. Although Mike considers...
What’s a Wrap Account?
Wrap accounts provide individual investors with an investment portfolio in which securities or mutual funds are bundled and managed for a fee, referred to as a “wrap fee.” Computed as a percentage of the portfolio's total...
The Business of Valentine's Day
When we were in elementary school, most of us have fond memories of receiving cards and candy. We would bring a decorated shoe-box to school and by the end of the day, it would be...
Tax Reform Tip #10: Expands child tax credit (CTC)
The credit doubles to $2,000 per child until age 17. In other words, if you have 1 child, you’ll be able to claim a $2,000 tax credit. For 2 children, your...
Dollar Cost Averaging Stands the Test of Time Is the recent volatility in the stock market causing you to worry about your investment accounts? A good way to offset the stock market volatility is through an investing technique called Dollar Cost Averaging. Take a look at this article...
Term of the Day: Federal Deposit Insurance Corporation (FDIC)
A government agency that guarantees deposits in the event a member bank fails. Coverage is generally restricted to $250,000 per account.
Happy Monday! Here is your tax reform tip #9: Tax reform reduces medical expense deduction
You can take a deduction for 2017 and 2018 if your qualified medical expenses were more than 7.5% of your adjusted gross income (AGI). Previously,...
Tax Reform Tip #8: Maintains exclusion for sale of your primary home
Should you decide to sell your primary residence, and you’ve lived there for 2 of the last 5 years, single filers can still exclude up to $250,000 (married...
Humpday Tax Reform Tip #7: Lowers the limit on mortgage interest deduction
The Act sets a cap on the total amount of mortgage debt for which you can deduct mortgage interest paid – with a total amount of the mortgage...
Today we celebrate Ronald Reagan's Birthday. He was a great president and accomplished so much for our nation.
Tax reform tip #6: Caps state and local tax deductions
Assuming you itemize deductions, you can take a $10,000 maximum deduction ($5,000 if Married Filing Separately or MFS) on any combination of state and local income, real estate, and personal...
Happy Monday! Here is tax reform tidbit #5: Personal exemptions eliminated
Until now, you could claim a $4,050 personal exemption for yourself, your spouse and each of your dependents. Basically, it lowered your taxable income. That exemption was eliminated in...
Coming to you with our Thursday Tax Reform Tidbit #4!
The Act nearly doubled the standard deduction from $6,350 to $12,000 for single filers, from $9,350 to $18,000 for head-of-household filers, and from $12,700 to $24,000 for married couples filing...
Rubin Wealth's Wednesday Tax Reform Tip
#3: More money in your paycheck?
The IRS released updates to 2018 income-tax withholding tables on Jan. 11 that reflect changes. Employers will start using the new rates as soon as possible, but no...
Tax reform Tuesday!
Tip #2: Lower individual tax rates (for many, not all)
The Act keeps 7 tax brackets, but changes the rates and income that apply to those brackets, effective Jan. 1, 2018.
They expire after 2025.
2018 Federal...
13 things investors should know right now about tax reform:
Monday Tip #1: Changes in retirement savings
Should you have a traditional Individual Retirement Account (IRA), you’re allowed to convert it to a Roth IRA. However, you can no longer...
Will a federal government shutdown damage the US economy? Take a look at the article to see how the government shutdwn affects the economy
Constantine Yannelis, a business professor at New York University, and Scott R. Baker examined data from the last time the government shut down in 2013...

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