Taxes
News
How Your Fellow Americans Cheat On Taxes
Have you ever cheated on your taxes? If so, you are in the minority – but you aren't alone, either.
A new Credit Karma survey finds that ...
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Guide
Does Your State Tax Social Security?
If you have done your homework leading into retirement, you probably already know that Social Security benefits may be subject to federal ta...
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Q&A
Asked by Jessica
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 -...
Q&A
Asked by Kathleen
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Answered by Dan Crimmins
Financial Adviser in Woodcliff Lake, NJ
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...
Guide
Refund Advance Loans And Refund Anticipation Checks 101
Are you counting on your tax refund to pay off bills? You may need the cash before your refund arrives.
The IRS website states that typic...
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Guide
Check Before Using Your 529 For Pre-College Education
In 1996, the Small Business Job Protection Act created 529 savings plans: state-administered programs designed to help parents save for thei...
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Q&A
Asked by Lynn
Answered by Donn Sharer
CFP ChFC CLU in Millstone Township, NJ
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...
Q&A
Asked by John
Answered by Barry Rabinowitz
Financial Adviser in Plantation, FL
Financial Adviser in Plantation, FL
There is a big difference. A 529 has special
tax rules, whereby if the funds are used for
tuition, laptops, etc, all growth can be
withdrawn income tax free.
Also, in...
News
Best And Worst States For The New Tax Law
A Closer Look at the New Tax Law's Effects
The Tax Cuts and Jobs Act (TCJA) promised an income tax cut for most Americans. Is that promis...
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Guide
Disappearing Tax Breaks
The Tax Cuts and Jobs Act (TCJA) was intended to simplify taxes by giving taxpayers more incentive to take the standard deduction and less i...
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