If money is tight at your house you may be thinking Christmas is not going to happen.
You can only deduct contributions you give to qualified charities.
I don’t know what Congress is planning to do regarding tax changes, but every year around the third week of December Congress decides to tweak the tax code.
Review your tax situation now so you have some idea what tax bracket you will fall into this year.
Self-employed individuals do get some decent tax breaks.
Let’s talk about year-end tax planning. We’ll start with the Flexible Spending Accounts.
Some of you are out shopping today and you may have the kids in the car. Why not give the kids a money lesson?
When we talk gifting, a birthday or Christmas usually comes to mind. Today we’re talking about gifting assets to another generation.
If you have not done any retirement planning, tomorrow, as everyone is seated around the table, decide which kid you want to live with in your old age.
Talking to your elderly parents about awkward subjects doesn’t get any easier with age. A family gathering like Thanksgiving may be the best time to tackle it.