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Watch Out For These Tax SurprisesOur tax code contains plenty of opportunities to cut your taxes. There are also plenty of places in the tax code that could create a surprising tax bill. Here are some of the more common traps.
Consistency is Key for Retirement InvestorsSlow and steady like the tortoise or fast and furious like the hare? Which investing approach do you think offers the best chance of saving enough for a comfortable retirement? For a long-term investor, being a tortoise has its advantages.
What Banks Don't Tell You About Credit CardsCredit cards may offer convenience, but they also come with terms and conditions that aren't always advertised. Here are several credit card secrets that banks may not tell you about.
Summer Jobs for KidsTaking a summer job is a rite of passage for kids and an excellent way for them to learn financial responsibility while earning and spending their own money.
The Secret Life of Everyday Gadgets: What Your Devices Are Doing When You're Not Using ThemWhile you relax while watching late night TV, your electronic devices remain active handling updates and syncing with cloud servers. Here's a closer look at what's going on beneath the surface.
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JUNE 2025 Q & AQ: We plan to rent out our primary residence for the summer while we are on vacation. Will we have to pay tax on that rental income? A: The general rule is that if you rent your residence for more than 14 days during the year, you'll have to report and pay tax on that income. You can deduct any related rental expenses on Schedule E. Be sure to allocate the costs between rental and personal use. However, there is an exception, commonly called the Augusta Rule, that applies when you rent your residence for less than 15 days. Then you'll generally not need to report this rental income. Consult your tax advisor.
Ready to Expand Your Business?If you're ready to take your business to the next level, congratulations. In addition to logistical and operational plans, there are a few administrative tasks to tackle when growing your company and expanding into new states. Typically, that involves registering as a foreign company with the new location's Secretary of State. Also, check whether your existing insurance policies for things like business liability and automobiles will cover your operations in the new locale. If expanding means hiring employees in the new state, you'll want to register with the Department of Revenue for employment tax purposes. And finally, workers' compensation insurance laws may be different, so make sure you secure coverage when it's required. Your tax professional can provide guidance you may need. What is the Average Cost of a Wedding?The average cost of an American wedding varies depending on the location, venue and number of guests. In 2024 the average wedding cost $33,000 according to a survey of couples married in 2024. This is projected to be $36,000 in 2025. Costs fluctuate significantly by region. For example, the cost for a 2025 wedding in New York is projected to run closer to $65,000, while in less expensive states, it could cost as little as $16,000 to $20,000.* *2025 The Knot’s Real Weddings Study and Zola Wedding Planners
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