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Married and Gay? How Post-DOMA Laws Will Impact Your Finances

When the Supreme Court overturned the Defense of Marriage Act in June, it tipped the first in a long line of dominoes that will affect the finances of gay couples for many years to come. The trouble is, even the most savvy financial advisors don't … [Read more...]

After Tax Day, What Next? Assess Your Overall Financial Health

Now that April 15 has come and gone you might feel like kicking back, regardless of whether you got socked on your taxes (like I did) or made a nice little refund (as I hope you did). But as I like to stress in these columns, the act of financial … [Read more...]

Death and Taxes…and Divorce? Don’t Let Tax Time Bring Your Marriage Down

April 15 has come and gone and besides your finances, what else has been compromised? For many of us, it's our relationships. We've all heard Ben Franklin's  famous quote, “In this world nothing can be said to be certain, except death and taxes.” Whil … [Read more...]

Making Prior Year IRA Contributions

Individual retirement arrangements, or IRAs, provide tax incentives for saving for retirement. If you can afford it, I strongly encourage everybody to contribute at least a little bit to a Roth IRA every year, even if you have a 401(k) or other … [Read more...]

Gift Tax: Don’t Fear Taxes When You Give (Or Receive)

When generous Aunt Betty slips you a $5,000 check on your birthday, do you have to pay taxes on her cash gift? And when you send an annual donation to your favorite charity or alma mater, does anybody pay taxes on that gift? The answer in both cases … [Read more...]

Your Tax Document Checklist: The No-Stress Guide To Filing Your Taxes, Part 1

This Website is all about taking confusing, boring topics and presenting them as clearly as possible. And few topics are more confusing and boring than taxes. So whether taxes simply fail to excite you or flat out freak you out, we're going to try … [Read more...]

What The Fiscal Cliff Deal Means For Your Taxes

A month ago, all everyone was hearing about was this darn fiscal cliff. Are we gonna go off the cliff? Are taxes going up? Going down? What exactly is Congress doing up there on that hill? Is the world going to end as we know it?! Phew, it was … [Read more...]

What’s Happening to My Taxes? The Fiscal Cliff Compromise in 60 Seconds

I don't write about politics until those rare days Washington actually does something that affects our daily lives. And after months of grandstanding and stonewalling over the “fiscal cliff”, today is one of those days. Here’s what the recent fisca … [Read more...]

How to Donate Your Money Sensibly

When finances are tight, it can be hard to designate some cash to give away. But even the Grinch-iest and Scrooge-iest among us can be moved to donate during the holiday season. In fact, the Tuesday after Black Friday was recently called “Giving T … [Read more...]

Taxes and Unemployment; How to Avoid Surprises and Owe Less Tax

There aren’t many – if any – perks of being unemployed. We all know that. But if you do lose your job, it may be possible to lean on the government for awhile and survive on unemployment compensation. These government-funded unemployment benef … [Read more...]