by briesterer@thinkvisionary.com | Aug 3, 2023 | Individuals, Newsletter, Tax
With hurricane season in the East and South, wildfire season in the West, and severe weather season in the middle of the county, now is a good time to create or review emergency preparedness plans for surviving natural disasters. Here are three steps taxpayers can...
by briesterer@thinkvisionary.com | Jul 6, 2023 | Individuals, Newsletter, Tax
May 1 is the traditional deadline for undergraduate students to commit to their college of choice, which means tuition payments are not far behind. If you are wondering if your child’s scholarships are taxable, here is what you should know. What Is a...
by briesterer@thinkvisionary.com | Jul 6, 2023 | Individuals, Newsletter, Tax
Hobby activities are a source of income for many taxpayers. As a reminder, this income must be reported on tax returns. But the reporting rules are different than for income from a for-profit business. For one thing, hobbyists can’t deduct their hobby expenses....
by briesterer@thinkvisionary.com | Jul 3, 2023 | Individuals, Newsletter, Tax
Home equity represents a significant portion of the average retiree’s wealth. If you’re 62 or older and house-rich but cash-poor, a reverse mortgage loan allows you to convert part of the equity in your home into cash – without having to sell your...
by briesterer@thinkvisionary.com | Jun 5, 2023 | Individuals, Newsletter, Tax
Are you approaching retirement age and wondering where you can retire to make your retirement nest egg last longer? Retiring abroad may be the answer. But first, it’s important to look at the tax implications — because not all retirement country...
by briesterer@thinkvisionary.com | Jun 3, 2023 | Individuals, Newsletter, Tax
Teens and young adults often go into business for themselves over the summer or after school. This work can include babysitting, lawn mowing, dog walking, or other part-time or temporary work. When a teen or young adult is an employee of a business, their employer...
