Can a Nonworking Spouse Contribute to an IRA
Married couples may not be able to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps so that spouse can take …
Shield Your Life Insurance from Federal Estate Tax
If you have a life insurance policy, be aware that the proceeds your beneficiary receives could be subject to federal estate tax. That is, unless you take steps to ensure …
Avoid Forfeiting FSA Funds – But Act Fast
Do you have a tax-saving flexible spending account (FSA) with your employer to help pay for health care expenses? For 2021, FSA participants could contribute up to $2,750 of pre-tax …
Fraudulent Charges on Your Credit Cards?
It’s an awful feeling to learn that someone has used your credit or debit card to make fraudulent charges. Whether you’re liable for charges typically depends on the type of …
Business Expenses: Restaurant Meals are 100% Deductible
Business owners, 2022 is well underway. So, don’t forget that a provision tucked inside the Consolidated Appropriations Act suspended the 50% deduction limit for certain business meals for calendar years …