Tax Tip for Teachers

The 2003 Tax Act included a $250 deduction for teachers who spend their own money for classroom supplies.  Most teachers spend far more than $250, so this tax deduction was a very minor victory for teachers. However, there is a way for teachers to get a full tax...

New Tax Law Creates Planning Opportunities

Along with some temporary AMT relief, the tax law just passed last week extends the long-term capital gain tax rates to 2010.  Folks in the 10 and 15% tax bracket will benefit the most (assuming those same folks have investments held outside of retirement...

Estimating College Costs

Much like saving for retirement, when you’re saving for college, you need to have a goal.  Where will your child go to college – public or private, in-state or out of state?  Wherever your scholar plans on attending, you can estimate the annual...