Deductions are a way to lower your tax liability. Maximizing your deductions across all areas gives you access to tax savings. One area where some taxpayers could be missing out on deductions is in medical expenses. Here are ways to you could potentially get the most out of tax deductions where healthcare expenses are concerned.
What is a medical expense?
The IRS clearly describes what's considered a qualified expense. Any expense incurred for the purpose of diagnosing, c
Student loan statistics never cease to disturb. In the United States, there are 44 million borrowers with $1.3 trillion in outstanding debt. With that kind of debt burden on new graduates, it's no wonder that many parents want to try and find a way to save for both their children's college expenses and retirement.
The reality is, it may not be possible for every parent to save for both retirement and their children’s college. However, there can be ways to find a balance whe
Some retirement investors have a portion of their investment in stocks, and this may have served them well. Stocks have recently been on a roll - and many are near all-time highs. Some investors may think the market is a bit extended. Aside from relying on luck, what could you do to prepare your retirement nest-egg for the next downturn? Practical tips that you can evaluate and easily implement were provided recently in a Money Online article written by Walter Updegrave. L
For many people, the dream of traveling in retirement is strong. You may want to plan trips to see your adult kids and grandkids a few times per year, and you likewise may have bucket list trips in mind. Because you do not have a job to rush back home to, retirement is an excellent time of life to travel more. However, some people may not properly budget for their trips. This inevitably means that trips simply do not happen or that financial stress makes them less enjoyable.
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