Don’t Buck the Fed

Don’t Buck the Fed

As the saying goes in the investment community, you “Don’t Buck the Fed”, but rather you follow their lead and take advantage of what they give you. Well, what more important investment do employers have than their own companies? Therefore, my...
Where’s My Refund?

Where’s My Refund?

Are you still waiting for your income tax refund?  It is that time of year when the fortunate among us are expecting refunds from the government. However, this anticipation can quickly turn to worry when the money you are expecting does not arrive. Federal refunds...
Advanced Child Tax Credit

Advanced Child Tax Credit

On March 11, 2021, President Joe Biden signed a substantial relief bill, the American Rescue Plan Act (ARPA) of 2021. This expands the Child Tax Credit (CTC) for the 2021 tax year by increasing the credit amounts for many taxpayers.  While this bill is good news for...
Tax Facts: the 2020 Edition

Tax Facts: the 2020 Edition

Happy 2021! Here are some key items relating to the 2020 tax year filing: Standard deduction is as follows: Single $12,400 Married filing joint $24,800 Head of household $18,650 Medical expense deduction threshold is 7.5% of adjusted gross income. SALT Deduction...