In this post, I share three simple calculators I found and reviewed that you can use to estimate your 2018 income taxes. Plus I give you three bonus tax-saving tips to help you reduce your tax burden.
Here's a look at the Trump Tax Reform Proposal sourced from the US Treasury website.
FI•DU•CI•AR•Y \DEFINITION\: A person legally appointed or authorized to manage assets for another person. The fiduciary manages the assets for the benefit of the other person, rather than for his or her own profit. A fiduciary stands in a special relation of trust, confidence, or responsibility in his obligations to others. \USAGE\: A registered investment advisor, who is [...]
The Roth Individual Retirement Arrangement (IRA) allows non-deductible contributions and tax-free accumulation and withdrawals. Beginning in tax year 2010, you may regardless of your income, convert a (tax-deferred) Traditional IRA to a Roth IRA. However, should you? Roth IRA conversions can be complicated but here are three simple rules of thumb: If you expect to [...]
It has been years since the Emergency Economic Stabilization Act of 2008, commonly referred to as a bailout of the U.S. financial system, became law. Lest we forget, the bailout was in response to bad loans and cascading losses at financial institutions including the collapse or near-collapse of Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, AIG [...]