Dec 29
Taking resolutions for the next year? Is anything more scary than the period of tax which haunts since its onset. See how you can help yourself to unburden the pressure.
1) Append extra to the 401(k):
This is inversely proportional. The more you add here, the lesser you pay for tax. You can do it now as well after all this is the best way to utilize your holiday incentives.For any holder if this plan the limit is a $15,500 but for a senior citizen it stretches till a whooping $20,500. Isn’t that great? You might as well consider increasing the Roth IRA if you have one through the employer. However your contributions remain taxable in this case and not the income that you earn.
2) Seize the tax credit:
Two energy tax credits will run out by the end of this month. You could have got a tax credit if you were thinking to make your home a little more energy efficient.
3) Analise your AMT paying capacity:
Most of us pay the alternative minimum tax. Find out more Read the rest of this entry »
Dec 25
On the 25 th of December the purest of souls was born to Mother Mary. It is Him who we celebrate every year on this auspicious day.
Once in a year do we come across this festive season and we pray to God for the betterment of our future. For weeks we take the pain to nurture the tree to get that perfect look on this propitious occasion. We decorate our home, buy gifts for all, plan for an outing somewhere. So many things together without exhaustion can only be possible due to our love for the Almighty.
On this day of revelry here is wishing everyone a MERRY CHRISTMAS and a VERY HAPPY HOLIDAY. Hope you all enjoy the last week of the year in joyous merriment. Pray to God for a wonderful future ahead and for a world that would understand the meaning of this celebration.
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Dec 20
Christmas isn’t far away and preparations are on full swing – people are still trying to finish up with their last-minute shopping…..doing that every bit so that they can enjoy and spend some quality time with their friends and family.
While you gear up for the celebrations, here are some thoughts and ideas to help you enjoy the Christmas to the fullest and have lots of fun, keeping in mind that you don’t end up in debts.
Dec 19
“You can give without loving, but you can never love without giving”
It’s the Christmas time and all are in the best of spirits..
It’s time to party and exchange gifts..
Your perplexed mind might be wondering
- What would be the best gift for your love?
- Which gift might suite your children the most?
- What would be the most appropriate gift for your friends and acquaintances?
All have different tastes, habits, likes and dislikes or interests. So to gift someone considering all these aspects is not at all an easy task.
However, do not worry about it, i am here to guide you in selecting the most precious gift in the most frugal manner. Check out the 7 smart ways to be frugal while shopping…… Read the rest of this entry »
Dec 13
“Every gift from a friend is a wish for your happiness.”
This Christmas shine the light of happiness on all your loved ones with that perfect Christmas gift! Now you must be wondering “what is a perfect gift?” There is no thumb rule that sets the criteria for a perfect gift but if you ask me its a kind of a gift that brings a million dollar smile on the face of the recipient.
I have seen people frantically searching for right gifts in shopping malls for hours and hours but even after such a tiring expedition most of them return home empty handed or with “not so right” gifts. Now, what is a right and not so right gift……hmm let’s see the difference. Read the rest of this entry »
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