If you used your credit card to pay your federal individual income taxes, your credit card company likely charged you a fee close to 2.5% of your total payment. The good news is that the IRS has announced this convenience fee is deductible. For more information on how to deduct these fees, read this C.P.A. Insight.
If your loved ones’ financial situation would be severely impacted if you were to die, chances are you need some life insurance. Life insurance can also be used to cover short-term expenses such as funeral arrangements, taxes and debts. For more information on using life insurance as part of your estate plan, read this Insurance Know-How.
If you have had the unfortunate experience of watching one of your securities investments plummet to worthlessness, you may be eligible for a tax deduction. However, the IRS has a strict definition of "worthless." For more information on what qualifies a stock to be worthless and how a taxpayer can take advantage of a loss of a stock that has a miniscule amount of value, read this C.P.A. Insight.
Exchange traded funds are a relatively new investment vehicle that have been available in the United States since 1993. One of the most notable innovations in the ETF market is the actively managed ETF. For more information on the benefits of investing in an actively managed ETF instead of an equivalent mutual fund, read this Investment Whys.