A major element of the inflation gripping the economy is home prices, which just keep rising. The median price for single-family existing homes soared 15.7% in the first quarter from a year ago to $368,200, according to the National Realtors Association. That topped the 14.3% gain for the fourth quarter. Fully 70% of the 185… Continue reading Buying a Home? It’ll Cost You More. (When Will Prices Ease?)
Celebrate ‘May The 4th’ With These Star Wars Day Deals
It’s finally time to celebrate Star Wars day, and let us be the first to wish you a Happy May the 4th! You don’t need to travel to a galaxy far, far away to take part — you can simply say “May The 4th Be With You”, or sit back, relax, and enjoy some of… Continue reading Celebrate ‘May The 4th’ With These Star Wars Day Deals
How to Report Stock Options on Your Tax Return
The underlying principle behind the taxation of stock options is that if you receive income, you will pay tax. Whether that income is considered a capital gain or ordinary income can affect how much tax you owe when you exercise your stock options. TurboTax Premier makes it easy and fast to import, upload, and accurately… Continue reading How to Report Stock Options on Your Tax Return
Could Rising Home Prices Make the Fed Tighten Even More?
Home prices are soaring, with the median price for existing homes climbing 15% in March from a year earlier to $375,000. That’s the highest level since the National Association of Realtors (NAR) began tracking the data in 1999. If home prices keep rising and demand for homes remain strong, the Federal Reserve may have to… Continue reading Could Rising Home Prices Make the Fed Tighten Even More?
4 Ways to Protect Your Inheritance from Taxes
For information on the third coronavirus relief package, please visit our “American Rescue Plan: What Does it Mean for You and a Third Stimulus Check” blog post. Inheritances are not considered income for federal tax purposes, whether you inherit cash, investments, or property. However, any subsequent earnings on the inherited assets are taxable, unless it… Continue reading 4 Ways to Protect Your Inheritance from Taxes
Homeowners Are Doing a Lot Better Than Homebuyers
The past two years haven’t been kind to Americans who are looking to buy a home or who are renting places to live, as home prices and rents have exploded. But it’s been a great time to be a homeowner. Over the past two years, people in that category have seen their wealth rise $6… Continue reading Homeowners Are Doing a Lot Better Than Homebuyers
Top 10 Gifts for Mothers who Love to Cook
Our mothers have fed us from the time we were born until we moved out, and now they feed us on trips home. Everyone has a favorite dish made by their moms, and even famous chefs cite their mothers as the best cooks in their lives. Some mothers show their love through food, creating meals… Continue reading Top 10 Gifts for Mothers who Love to Cook
Best Ways To Prepare and File Taxes
Key Takeaways • Preparing taxes by hand requires knowledge of tax forms, and it also leaves you prone to making mistakes. • Using tax software eliminates arithmetic errors, and allows you to import necessary tax forms all for a reasonable cost. • Hiring a tax professional provides a hands-off approach to preparing your taxes. •… Continue reading Best Ways To Prepare and File Taxes
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