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Gen Y Tax Saving Tips

Submitted by Sophia Bera on Tuesday, January 20, 2015 - 3:00pm

Many young taxpayers miss out on tax-saving opportunities because they just aren’t aware of them. Here are some tax credits and deductions that you shouldn’t overlook.

Gen Y’s Health Saving Plan

Submitted by Sophia Bera on Tuesday, December 30, 2014 - 12:00pm

Millennials who don’t need much health care often choose cheaper insurance with a high deductible. If you’re in that age group, a great complement to your plan is a health savings account (HSA), which helps you fund your health care costs until you meet the deductible.

How to Fix Social Security

Submitted by Jim Blankenship on Thursday, December 18, 2014 - 9:00am

We often read reports from the Social Security Administration’s reviews of the status of its trust fund and predictions that in 20 years funding will exist to pay 77 cents on the dollar of promised benefits. So far this revelation produces from policymakers no actual steps to fix the system. What can we do to fix Social Security?

Big Estates’ Tax Plans (Pt. 2)

Submitted by Benjamin Sullivan on Friday, December 26, 2014 - 12:00pm

Our first article looked at several new aspects of tax planning for large estates, including recent rules changes, portability and trusts, among other tools. Here are additional strategies that allow big estates to reduce taxes while gifting to heirs and charity.

Tax-Smart Ways to Donate

Submitted by Travis Russell on Tuesday, December 23, 2014 - 12:00pm

Now as in most holiday seasons, you probably think about giving to charity. Before writing a check, consider the tax advantages of gifting such appreciated assets as stock instead. This move can make your heart feel good now and your wallet feel good next tax day.

Obamacare Tax Snafu

Submitted by Larry Elkin on Friday, December 12, 2014 - 9:00am

Practically no one looks forward to a tax deadline, but Democrats may have special reason to worry about the one they face next year. That’s when an Obamacare design problem slaps its participants with a financial penalty for failing to forecast their incomes correctly.

Ax Corporate Income Taxes

Submitted by Lewis J. Walker on Wednesday, December 17, 2014 - 9:00am

Talk of overhauling the tax code is stirring in Washington, but the overwhelming complexity of the task makes it difficult to accomplish, at least in the near term. Here’s a good, clean, quick way to tackle part of tax reform – and produce an economic bonanza: abolish the corporate income tax.