Electric Vehicle Federal Tax Credit

Thinking of purchasing a new car before the end of the year? Why not get a federal tax credit for up to $7,500 at the same time? For new electric or plug-in hybrid vehicles purchased after December 31, 2009, the credit will range from $2,500 to $7,500. To qualify, the vehicle must mee

Studying up on 529 college savings plans

Two types of savings plans provide families with tax-saving strategies that also benefit their children and grandchildren. College savings plans and prepaid tuition plans are what are known in the tax community as 529 plans. These vehicles have much higher contribution limits than tho

Filing for Social Security: What distribution strategy will work for you?

About 8,000 Americans reach the traditional retirement age of 65 every day, according to AARP. If you’re one of these preretirees, you have a lot of decisions to make about your retirement finances — including when you should start receiving monthly Social Security retirement benefits

5 Things Millennials Need to Know About Finances

According to surveys, only 24 percent of millennials demonstrate basic financial knowledge. There are many reasons for that lack of knowledge: Some of that information comes with life experience, and some of it is facts that would have traditionally been taught in a home economics or
Tax deduction

Relocating for Work? Don’t Forget the Moving Expense Tax Deduction

Did you know that if you move to take a new job, you can deduct most of the expenses on your tax return? This applies whether or not your employer is offering any relocation benefits. What Moves Count? There are three tests you must meet to be eligible to deduct moving expenses. Relat