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To Save on Taxes, Timing Matters

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When it comes to income and investing, understanding how timing affects your taxes is a big deal. Let’s say you take a trip to Las Vegas to celebrate the coming of the new year. You head to the casino and at 11:00 pm on New Year’s Eve you win a $2 million jackpot. You keep … Read more

Beware the Tax Consequences of Selling Your House

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If you own a home, it’s probably your most valuable financial asset, so if you decide to sell, you’ll want to walk away with as much money as you can. However, when you make a profit by selling assets like real estate, the government gets a piece of the action through taxes. So, the question … Read more