Friday, July 25, 2014 Tammuz 27, 5774
A key decision taxpayers face when filing is whether to take the standard deduction or to itemize on their tax returns. Here are some answers: The standard deduction is a flat amount established by the IRS that you deduct from your adjusted gross income. When you itemize, you deduct your actual qualified deductions. The best method depends on how much...
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By:
Andrew Lasner, JE Feature
Prior to actual closing day -- whether you're seller or buyer -- there are several things you should do to be certain that your real estate transaction will close on time, and that everything will go smoothly. A day or two before closing, you should review your final closing statement, commonly called the HUD-1 Statement. The HUD-1 is a form...
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Created under the 2003 Medicare Act, a Health Savings Account is a tax-favored savings plan offered by many banks, insurance companies, brokerages and other financial institutions that can be used to pay for qualified medical expenses. According to the Pennsylvania Institute of Certified Public Accountants , HSAs offer significant tax benefits to individuals who qualify. But first, to establish an...
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No, it's not a doctor soap, but a way for students to get their feet wet in the real world
By:
Aggie Sygnarowicz, JE Feature
Mandy Dutton, a sophomore at the Fashion Institute of Technology, in New York City, is a busy young woman: She's taking 20 credits at school, and working 20 hours a week as an intern at a New York City fashion magazine. And although she's so involved with filing, photocopying and performing other administrative tasks that she can barely take a...
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By:
Andrew Lasner, JE Feature
Fueled by rising home values, larger sales forces and increased consumer acceptance, the number of federally insured reverse mortgages made in the United States in 2006 grew by 77 percent, according to the National Reverse Mortgage Lenders Association. "More seniors are recognizing that traditional retirements tools, such as IRAs, pensions and 401(k)s, are not providing sufficient income to help fund...
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