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Twelve Tax Myths

It’s what you think you know that really isn’t true that can hurt you. A study by the American Institute of CPAs identified twelve misconceptions that taxpayers have about their income taxes. Myth #1 If you apply for an extension to file your taxes, you’re more likely to be audited. Studies have never found any …

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How Alimony Is Taxed

The sweeping tax bill signed by President Trump in December 2017 includes major changes that are sure to affect every American when tax day arrives. For those considering a divorce, one provision in particular could mean thousands of dollars saved or lost each year. The Alimony Reversal According to the Census Bureau, roughly 243,000 people …

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How to Afford a Major Medical Expense If You Don’t Have Health Insurance

Let’s just cut to the chase. As of the writing of this article, the health insurance landscape is a mess. More and more Americans are losing coverage as insurance providers continue to pull out of markets across the country. For Americans who don’t receive healthcare coverage through work or for the many Americans who are …

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Things You Might Not Know About the Day of Love

Love it or hate it, chances are you have a thing or two to learn about Valentine’s Day, Here is some unexpected information about the holiday. 1. How Valentine’s Day began. Valentine’s Day probably originated as a combination of two Roman happenings. The first was Lupercalia, an ancient Roman festival celebrated each February 15, when …

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These Ten Reasons Are Exactly Why You Need a Rainy-Day Fund

You’ve probably heard that over half of Americans don’t have $1,000 in savings. That’s truly scary because life throws all sorts of financial curve balls at us all the time. If you ever, ever, ever, ever (ever, ever) want to be financially independent, step one is to build a rainy-day fund. This is your safety …

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