Procrastinators can still build nest eggs

Some people do not have the ability to begin saving for retirement early on. Others may have brushed aside retirement savings for so long that they are now worried that it’s too late to begin socking away money for the golden years. While it’s best to start saving for retirement as early as possible, the […]

Mileage rates drop in two categories

The Internal Revenue Service (IRS) issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 54 cents per mile for […]

Exercise caution when shopping online

It’s hard to believe the holiday season is upon us. With Christmas right around the corner, many people are gearing up to do some serious shopping. While it can be fun to search stores and websites for the perfect gifts for loved ones, it can also present a few challenges, especially for older adults. According to […]

Track expenses on trips for charities

Do you plan to donate your services to charity this holiday season? Will you travel as part of the service? If so, some travel expenses may help lower your taxes when you file your return next year. Here are several tax tips that you should know if you travel while giving your services to charity. […]

Check out Marketplace deductions

You are allowed a premium tax credit only for health insurance coverage you purchase through the Health Insurance Marketplace for yourself or other members of your tax family. However, to be eligible for the premium tax credit, your household income must be at least 100 percent but no more than 400 percent of the federal […]

Make moves before retiring

You may be quite willing to plan an investment strategy for your retirement years. After all, it can be enjoyable to think about traveling the world, pursuing your hobbies or participating in any of the activities you’ve associated with an active retirement. However, once you do retire, you’ll need to “shift gears” somewhat to focus […]