Life these days can be a delicate balancing act if you have a job, but you also have young children who don’t go to school yet. Or you’re caring for a spouse or other dependent. Many times the only answer is to pay someone to care for your little bundle of joy while you’re on the job. If this scenario sounds familiar, the Child and Dependent Care Tax Credit could leave you smiling at the end of the workday.read more
Back in the day, the term “keeping the wolf from the door” meant that we were paying our bills and keeping our heads above the financial waters. Nowadays, though, the imagery isn’t so clear cut.
For whatever reasons – and there are many – sometimes you end up with a balance due on your tax return. What can you do if you don’t have the money to pay?read more
Volunteering is one of those institutions that makes America great. Giving one’s time in service to others has a long tradition in this country and is one of the most honorable and rewarding uses of our energies.
Whether it’s manning the cash register at the animal shelter’s thrift store, delivering meals to shut-ins, or working at the local shelter for the homeless, volunteers prove every day that an individual can indeed make a difference in people’s lives.read more
The one thing you can always count on, whether you’re at the horse track, the casino roulette table, or just cruising the slots, is the fact that the house always wins. If you win or lose – the casino or track always gets its cut.
The same can be said of the IRS.
Let’s cut to the chase: If you win money from any gambling endeavor – lotteries, bingo, horse racing, casinos or sports betting – it’s taxable. This includes cash prizes and the fair market value of prizes like cars and vacations.read more