Friday, May 29, 2015 Sivan 11, 5775
By:
Craig G. Langweiler, JE Feature
In May 2006, a new tax law went into effect that has the potential to affect investors of all stripes. Because the Tax Increase Prevention and Reconciliation Act of 2005 received only brief attention from the news media, you may have overlooked some of the changes. It's important to understand how this new tax law applies to your situation. The...
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Girls go for the green -- bargains galore at Shecky's
By:
Dana Lerner, JE Feature
An estrogen-charged crowd huddles at the entranceway of the historic neo-Romanesque Puck Building in downtown Manhattan. Within eyesight are masses of women rummaging through designer winter hats, fingering sterling-silver jewelry and browsing over light cashmere sweaters. Salon stylists straighten unruly hair, brittle nails become ruby-polished, and palates are quenched by a select wine or brew. A pair of creamy taupe...
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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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