Questions on Long-Term Care
Questions on Long Term Care What is long-term care? As people age or become ill, they sometimes need help doing daily tasks. Long-term care (LTC) provides people with those services. Most people will need long-term care at some point. However, it can be difficult to predict how much or what type of care a person […]
Vacation home and taxes
Are you thinking of having a second home for vacations or maybe to retire to? Buying a second home is a complex decision that requires careful thought including tax issues. Make sure that you take advantage of all remaining tax breaks, and if you are thinking of renting out that second home remember that it […]
5 Things on Buying a 2nd Home
What are the tax implications? The IRS has different rules for people with second homes and vacation homes (defined as such if you stay there at least two weeks a year), so before you do anything, consult your tax professional to find out how buying a second home will affect your tax situation. What are […]
Prevent ID theft: Avoid financial scams – Part 1
Prevent ID theft: Avoid financial scams – Part 1 There’s no surefire way to avoid becoming a victim of identity theft. Even if you’re extra careful with how you handle your personal information online, it still may be susceptible to data breaches and other attacks from hackers. There are, however, some steps you can take […]
Protecting Your Information – Part 2
Protecting your information – Part 2, May 16, 2020 Monitoring your information can be time-consuming. To stay up to date on how your credit and other information is being used, consider signing up for an identity theft monitoring service. These services provide identity theft and credit monitoring, alerts, dark web surveillance and more to help […]
Internet Protection & Scams – Part 3
Internet Protection & Common Scams – Part 3 May 16, 2020 Below are some key thoughts when protecting your information while browsing the Internet. When on the internet never distribute personal information. When ordering on the internet get a credit card with a low limit to use only when online. Don’t post online that you are going […]
The American Rescue Plan Act – Part 1
The American Rescue Plan Act – Part 1 On March 11, 2021 the American Rescue Plan Act. (ARPA) was signed into law and it contains several tax provisions affecting individuals. There are many changes and below are some provisions taxpayers can take now to make tax filing easier for tax year 2020. Now more than ever, […]
The American Rescue Plan Act – part 2
The American Rescue Plan Act – Part 2 Part 1 was on the 2020 taxes this provides an overview of ways the American Rescue Plan may affect some people’s 2021 taxes. Changes expanding EITC for 2021 and beyond New law changes expand the EITC for 2021 and future years. These changes include: More workers and […]