Raising Financially Responsible Children As a parent you want your kids to become healthy adults functioning in society and a big part of that is learning how to manage money. Should you be helping them through college? How do 529 accounts affect student loans? How should education savings be … [Read more...]
Video: Kids and Money Part 3 – Young Adults
Child Tax Credit for 2021
Recently, there were temporary changes made to the child tax credit that will benefit many taxpayers. As part of The American Rescue Plan Act of 2021, that was enacted in March 2021, the child tax credit has increased in amount, is fully refundable, and may be partially received in advance through … [Read more...]
Video: Kids and Money Part 2 – Pre-teens and Teens
Raising Financially Responsible Children As a parent you want your kids to become healthy adults functioning in society and a big part of that is learning how to manage money. Is allowance still appropriate? Should they have a credit card? Should they invest in the stock market? How much should you … [Read more...]
Video: Kids and Money Part 1 – Newborn through Middle School
Raising Financially Responsible Children As a parent you want your kids to become healthy adults functioning in society and a big part of that is learning how to handle money. As kids start to ask questions about money, how do you approach these conversations? Should you pay your child an … [Read more...]
New $300 Deduction For Cash Contributions
Cash donations up to $300 that were made to qualified charitable organizations in 2020 are now tax deductible, even if you don’t itemize your deductions. The Coronavirus Aid, Relief and Economic Security Act (CARES Act) that was passed in March 2020 included the tax law change to help support … [Read more...]