December 2013

pstrongA third of major retailers’ revenue comes from the last 2 months of the year. So obviously the Holiday season gets people to spend way more than usual./strong/ppLet’s face it, there’s lots of pressure to buy gifts for lots of people. It seems once the buying starts, there’s more and more people you think of that you should buy a gift for.

pstrongIf you sold your home this year for a profit, it may not be taxable income!/strong/ppIn most cases, if your home has been your primary residence 2 out of the 5 years you’ve owned it, you may not have to report it as income.

pstrongDeduct the money you put towards a Health Savings Account!/strong/ppContributions you make to a Health Savings Plan are deductible and the withdrawals you make from it are tax free when you use the money towards medical expenses./ppIf you are over 65, and you make a withdrawal to pay for something that is non-medical related, An HSA (Health

pstrongSure you’ve got an idea of what you’re gonna spend on Holiday gifts but what about all the costs that sneak up on you?/strong/ppHave you ever found yourself saying, “I only spent x amount of dollars on gifts; where did all of my money go?” If so, there lots of places throughout the Holidays you get “twenty-dollared to death.” Here’s a look a