My Secret Home Office

There is a room in our new house that nobody – and I mean nobody – is allowed to go in. It’s so important that nobody – not my husband, not my daughter, not my son – go in this room that I actually keep it locked when I’m not using...

Is a Big Tax Refund Really a Good Thing?

Lots of people over-withhold on their income taxes during the year in order to create a large tax refund at tax filing time. They see this strategy as something of a forced savings plan – in effect, they put the money on deposit with the government and then get it...

Do You Know How to Figure Your Effective Tax Rate?

Many people look at marginal tax rates and become concerned that they will have to pay that amount on their entire income. However, this is not the case. The marginal system works by only taxing amounts that exceed a certain level. For example, if your taxable income...

Tax Tips for High Net Worth Individuals

High net worth individuals have to make sure that they pay attention to tax laws, and consider the issues that affect them. Many of those in lower income brackets don’t have the same concerns that high net worth individuals have. If you have a high net worth,...