When Does The 2017 Tax Season Start For Filing My Tax Return and Getting My Refund

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This time of year I get a lot of questions on when the IRS will allow people to file their taxes and when (if applicable) refunds will be paid.  For the 2016-2017 tax season it is estimated that IRS e-File (online tax filing) system will open on Monday, January 23rd. You can technically submit as […]

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Are Vanguard and Fidelity Increasing Fund Fees?

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Vanguard and Fidelity are widely known for their low cost index and mutual funds. Their low expense fees/costs and broad array of funds have made them the fund manager of choice for many individuals, corporations and trusts. So its no surprise that they are the biggest of the fund managers and market makers out there. I […]

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Rebuild a Poor Credit Score Using a Credit Union Loan

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Credit Unions are a great way to get a loan and improve your credit score. Many people overlook this small gem, and continue to be declined for credit opportunities when using traditional banks and financial institutions. Do not allow your poor credit rating hinder you from improving your financial health. Credit Unions are small businesses, […]

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What’s Ahead for the US economy in the Next 4 years (2017 to 2020)

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What a whirlwind the United States Presidential Election was! It sparked record interest in the Presidential Debates and polls predicted the highest turnout rate of voters in the history of our Presidential Elections.  Trump was the third Presidential candidate in US history to win the election after losing the vote in his own home state […]

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2017 Tax Brackets, Standard Deduction and other Tax Updates

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The IRS has published the latest 2017 tax figures (for filing taxes in 2018) reflecting minor COLA updates to federal thresholds. You can see 2016 and past tax tables here. No changes to tax rates with 39.6% being the highest marginal tax rate. Tax bracket income thresholds increase marginally in line with inflation. The effect of this (bracket […]

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2017 and 2018 Trump Economic Stimulus, Tax Breaks and Credits for Individuals, Corporations and Investors

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With Donald J. Trump now in line to be America’s 45th president (still feels surreal to write that) many are now asking if can bring around the economic change he has promised while on the campaign trail. A lot of people voted for him as a change agent and from an economic point of view are […]

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2016 to 2017 Retirement Plan Contributions and Conversions – How to Reduce your Taxable Income

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In this article we will discuss Retirement Plan Contributions and Conversions and how these can reduce your taxable income in the current tax year. The last business day of 2016 is December 30th, so there is still time to make changes to your contributions to achieve the greatest reduction in your tax liability. The countdown to […]

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The Best Retirement Plans for Young Workers

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It’s not breaking news that you should be saving for retirement. Most employed people understand this fact, so hopefully, you are setting some cash aside for your golden years despite your day to day living expenses. The tricky part of retirement financial planning is figuring out how much you should actually save and where it […]

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Trump Tax Plan, Cuts and Changes in 2017, 2018 and Beyond

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With Donald Trump now the President Elect and the Republicans controlling the House and Senate, we are likely to see a number of tax changes if his campaign plans and promises hold. As with everything else, the Trump campaign was light on the details but here is what we do know: Federal tax rates and […]

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Will ObamaCare be Repealed and Replaced in 2017 under a Trump Presidency?

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With Trump’s surprising win in the US presidential election and the Republicans retaining control of the House and Senate, it looks like ObamaCare’s viability is at serious risk. ObamaCare, officially known as the Affordable Care Act (ACA), has been long maligned by Trump and Republicans and the promise was that it would be repealed on day […]

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