Taxes

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Tax Extension Filing Deadline Looms: Are You Ready?

Economic News you can Use

Time's Running Out If you received an extension of time to file your taxes this year, hopefully you made good use of it – because the due...

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The Economy Tax Returns Taxes Federal Income Taxes

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6 Tips For When An IRS Letter Arrives In The Mail

How to Respond to Internal Revenue Service Tax Communications

Few things are more frightening than opening your mailbox and finding a letter from the Internal Revenue Service. You may wrack your brain ...

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Taxes Federal Income Taxes

Q&A

Asked by Martha

What are the tax breaks I’ll lose if I rent out my house instead of living there myself?

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Answers 2

Answered by Kim Miller, CFP®PRO+ in Redmond, WA

Good question. You may actually gain tax benefits by renting out a home. You can deduct some of the same expenses on a rental property as you do now: property taxes...

Home Purchase Loan Borrowing Taxes Other Investments

Q&A

Asked by Lynn

I was told that a whole life policy may be better than term since I will be able to get all my premiums back in 35 - 30 years. Is that true?

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Answers 7

Answered by Donn Sharer , CFP ChFC CLU in Millstone Township, NJ

Thanks for your question Lynn. While I can't speak specifically to PA, I can say that I'm not aware of a "return of premium" feature for whole life policies. That said...

Budgeting Life Insurance Insurance Taxes

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The Massive US Debt As Charity Case

Reduce the National Debt, and get a Tax Deduction!

Every year, you do your part to fund America's government by paying your taxes – but have you ever felt compelled to pay a little extra to t...

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Tax Returns Investing & Retiring Retirement Taxes

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Why the 2018 Tax Deadline Was Moved to April 17

But the Tax Deadline Will Still Be Here Before You Know It

For three years in a row, Americans are going to get a little extra time to file their taxes, thanks to a holiday that may be completely unk...

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Tax Returns Taxes Federal Income Taxes

Q&A

Asked by Jessica

What is the best way to increase my high income, large cap growth and risk allocation stocks?

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Answers 5

Answered by Pamela J. Horack, , CFP®PRO+ in Lake Wylie, SC

Hi Jessica! Sounds like you have a great family - what a gift! As I read your question, I hear two concerns. One - I want to grow this money as much as possible. Two -...

Financial Planning Investing & Retiring Taxes Mutual Funds Stocks

Q&A

Asked by Kathleen

I already have an IRA. Should I look into a Roth IRA as well.

Answered by Dan Crimmins, Financial Adviser in Woodcliff Lake, NJ

Kathleen - It is great that you are saving for your retirement. The difference between a Roth IRA and a traditional IRA is when the tax is due. When you contributed...

Investing & Retiring Retirement Taxes IRA

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