Is It Better to Have a Tax Credit or a Deduction?
A tax deduction generally reduces taxable income, whereas a tax credit reduces the tax itself. So, which is better?
Three Common Personal Income Tax Problems & What to Do
Are you self-employed? Did you move? Do you earn income in a state other than the one you live? If you answered yes, you might have one of these common personal income tax issues.
Six Keys to More Successful Investing
We offer six tips to help minimize your loss and maximize your gains when investing in this week’s Financial Tip.
Maximizing Deductions for Start-Up Costs
Starting a business? Know what qualifies as a capital expenditure and a start-up cost, and which ones can be deducted.
Kennesaw Financial Firm’s Marathon Month Nets Nearly $1,200 for The Center for Family Resources
Henssler Financial hosted a “Marathon Month” as the firm’s third quarter fitness contest for employees, encouraging staff to stay active and included a charitable aspect to stay motivated.
Who Claims the Children: You or Your Ex-Spouse?
A commonly encountered but often misunderstood issue is who claims the child or children for tax purposes. Read this before you make a serious mistake.
Disaster-Related Tax Losses May Be Less Than Expected
The late-2017 tax-reform package changed the rules for personal casualty losses, which now are only deductible if they occur in a federally declared disaster area. As a result, if a home is destroyed in a forest fire or other disaster within a declared disaster zone, the homeowner can claim a casualty loss on that year’s…
Have You Checked Your Retirement Plan Lately?
If you haven’t given your retirement plan a thorough review within the last 12 months, now may be a good time to do so.
Are You Subject to Self-Employment Tax?
All self-employed taxpayers who have more than $400 in net profit from their self-employment must pay self-employment tax.
What Are My Student Loan Repayment Options?
There’s more than one way to pay off your student loans. We explore the various repayment options in this Question of the Week.