The hosts of “Money Talks” discuss the deductibility of interest paid on home construction loans. With the stipulations that surround home construction loans, the hosts address why it’s best to consult a C.P.A. and how working with the same bank to convert the loan to a traditional mortgage may be in your best interest.
Saving for your children’s education in their name? Don’t be deterred by the Kiddie Tax. Read more in this week’s Tax Tip.
The income limits for deductible traditional IRA contributions has increased for 2015. Learn more in this Financial Tip.
Won an item at a charity auction? Only part of your winning bid may be tax deductible. Read more in this Tax Tip.
Your first contact with the IRS will not be a phone call, but an official correspondence sent through the mail. We explain in this Tax Tip.
The hosts of “Money Talks” discuss the criteria of the Foreign Income Tax Exclusion and the tax consequences of working abroad.
Before withdrawing from a retirement plan, carefully consider the resulting decrease in your retirement savings. Read on in this Tax Tip.
Both home equity loans and education loans can generate tax deductions. Each has its own special rules and limitations. Learn what we mean in this Tax Tip.
Have you considered moving to a tax-friendly state in which to spend your golden years? Find out what we mean in this week’s Tax Tip.
You have until Oct. 15, 2014, to undo your 2013 traditional IRA to Roth IRA conversion. Learn why you should consider it in this week’s Financial Tip.
