If you and your spouse are filing a joint return, the total amount deducted can’t exceed $750 per person, making the maximum deduction for a joint return is $1,500. That makes it easy to customize the experience and give you complete visibility into program utilization. Jennifer Mansfield, CPA, JD/LLM-Tax, is a Certified Public ...
Just remember that how you save will make a big impact on how much you save by the time your child starts college. Luckily, you don’t need to know the answers to all these questions to start saving. The money saved in the 529 can play a huge role in funding what they parents agree to – and they should do the same for each child, ...
The experience of the past half-dozen years demonstrates that risk vividly. Relative to other taxpayers, lower-income people receive the least benefit from the current itemized deduction, for three reasons. Second, the value of itemized deductions is greater for people in higher income tax brackets. And third, the value of the mortgage ...
Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. “Most homeowners overlook the deduction of points paid to secure a mortgage loan,” Best said. Mortgage points are ...
Just as High’s roots can be traced back to the production of quality ice cream, ice cream still produces a strong following among the c-store’s customer base. With a prototype store and new customer service programs, High’s of Baltimore is climbing the c-store ladder in the Maryland market. BALTIMORE — High’s of ...
It is also a wonderful time for fertility, growth and expansion. Throughout history, many traditions and cultures have celebrated the expansive LIGHT being showered upon the Earth on this day. It’s known as one of the powerful days of the year for spiritual growth and healing. At this celebratory time of year seeds are planted in the ...