What You Should Know About Giving Gifts
The tax code allows you to give away up to $14,000 each year to as many people as you want, without triggering gift tax. If you and your spouse "split" your gifts, you can double this $14,000 annual gift-tax exclusion and give $28,000 per recipient.
Understand "Sunk" Costs in Business Decisions
Once your business incurs costs that can't be recovered, those costs become irrelevant to subsequent business decisions. Such expenditures, known as sunk costs, can include money paid, time spent, or resources used that are no longer retrievable.
Consider The Tax Pros And Cons Of Munis
Municipal bonds - often called "munis" for short - can be an attractive investment option.
Regroup and Refocus To Save Taxes Before Year-End
Cheer up tax procrastinators! November is not too late to regroup and refocus your tax planning efforts before year-end.
Include A Reality Check In Your Countdown To Retirement
If you are approaching retirement, it’s a good idea to review your finances and develop a strategy for your final working years. Take the time now to perform a reality check on your retirement resources and expectations.