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Withholding too much tax from your wages isn’t wise in the long run. Try to match withholding as closely as possible to your actual tax liability for the year. Invest the extra money in yourself, not the IRS.

The statistics are staggering. The majority of Americans do not save for retirement or have not saved enough for retirement. Make sure you’re taking these three steps to be financially prepared for your retirement. Read more.

Saving for your children’s education or your own retirement – how do you decide which is more important? A typical retirement will generally last longer and cost more than your child’s education. If you cannot adequately fund both, maximize your retirement savings first. There are
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Now is the time to begin midyear tax planning. Take time to review some important terms that are all about saving money on your tax return.

Is this the year you’ll adopt a child? If so, you might also qualify for a special break on your income tax return.

If you’re considering putting your house on the market, take a look at the outside appearance of your home first. Sprucing it up may help you raise your asking price.

As your business grows, you may be thinking about incorporating. Learn the reasons why it can be a good idea.

Remember, service charges do not receive the same tax treatment as tips. Service charges are non-tip wages, and employers must treat them as such for tax withholding and filing requirements. Tips are payments made to employees by customers at the customer’s discretion. Service charges are
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Single people have financial considerations that differ from those who are married. But this doesn’t mean they should overlook financial planning. Read more.

The IRS recently announced the 2018 inflation-adjusted limits for health savings accounts. For 2018, taxpayers can contribute up to $3,450 (up from $3,400 in 2017) for single coverage, or up to $6,900 (up from $6,750 in 2017) for family coverage. The maximum out-of-pocket figures are:
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