For parents and students trying to manage college bills and student loan payments, the federal government offers education-related tax benefits. The requirements for each are different, so here’s what you need to know. American Opportunity credit The American Opportunity credit (formerly the Hope credit) is a tax credit available for the first four years of […]
Navigating elder care and elder care finances in the U.S. can be a challenge even for the most well-prepared households. So what, exactly, is involved in senior financial planning? What steps can you take now to help you be prepared for the future? Here we discuss a few of the options that can allow elders […]
Borrowers should brace for repayment resumption and start planning now… On the brink of a U.S. default, the Senate recently approved a deal to raise the debt ceiling until 2025, bringing some relief to financial markets. The agreement, negotiated by House Speaker Kevin McCarthy and President Joe Biden, also entails a reduction in some government […]
Investing involves setting goals for the future and weighing the risks and potential rewards associated with a wide variety of investment opportunities. If you are a new investor, this might seem like an overwhelming task. But take heart. Becoming familiar with a few basic concepts could help you have more confidence in your investing decisions. […]
Remain vigilant as we might see more rate hikes later this summer… The decision by the Federal Reserve to pause its upward trajectory of the federal funds rate – after 10 straight hikes over the past 14 months – has significant implications for investors. As the central bank of the United States, the Fed’s monetary […]
But corporate greed may also help fight against a looming 2023 recession As we end the final month of the 2nd quarter of 2023, investors and financial analysts are adjusting their perspectives on a rather unconventional economic phenomenon that has been dubbed “Greedflation.” The term describes the tendency of businesses to exploit inflationary environments to […]
Internal audits create a strong foundation for your company’s success Internal audits play a crucial role in the proper functioning and success of a business. They are an essential component of a company’s risk management process and provide management with valuable insights into the effectiveness of their operations. What is An Internal Audit? An internal […]
It’s nice to own stocks, bonds, and other investments. Nice, that is, until it’s time to fill out your federal income tax return. At that point, you may be left scratching your head. Just how do you report your investments and how are they taxed? Is it ordinary income or a capital gain? To determine […]