February 19, 2020
Paying Off Your Mortgage Early
You have a mortgage stretching in front of you for years and even decades which you'd love to pay off early, but should you? It seems to make sense to get rid of that big expenditure of interest, but it doesn't always. Determine what makes sense for you and your situation before you put your raise, savings, or inheritance toward an early pay off.
February 12, 2020
Lower Your 2019 Taxes
It isn't too late to reduce your 2019 tax bill. Below are three approaches you can take.
February 07, 2020 | Main Office
Income Tax Withholding Assistant for Employers
February 04, 2020
Arguing in Front of Your Children
It isn't easy raising kids. There are different approaches to take and decisions to be made. Sometimes parents see eye to eye on different aspects of child rearing and sometimes they don't. It can put a lot of stress on a marriage and create conflict. It is important to reach a consensus. Reaching a consensus reduces the stress and results in fewer arguments. This makes for a better marriage and happier and healthier kids.
January 28, 2020 | Main Office
Fannie Mae Refinance Option
Would you like to refinance but have a high loan to value (LTV) ratio? The LTV ratio is an assessment of lending risk based on how much you are borrowing based on collateral. Fannie Mae has a high LTV refinance option for borrowers with existing Fannie Mae mortgages who are making their payments on time but whose LTV ratio for a new mortgage exceeds what is allowed for standard limited cash-out refinance options.
January 17, 2020 | Main Office
Canceling a Credit Card
If you are going to cancel a credit card, do it wisely. Closing a credit card can impact your credit scores but it doesn't have to.
The standard advice is to leave credit card accounts open. That being said, there are reasons you may want to close your cards. It is prudent to close joint credit card accounts during a separation or divorce. This protects you from liability for charges made by your former spouse. On joint accounts the lender will hold ...
January 15, 2020 | Main Office
IRS helps workers, businesses with new Gig Economy Tax Center
Gig Economy Tax Center
What is the Gig Economy?The gig economy—also called sharing economy or access economy—is activity where people earn income providing on-demand work, services or goods. Often, it's through a digital platform like an app or website.
Gig Economy Income is Taxable
January 08, 2020 | Main Office
Estate and Other Tax Changes for 2020
There will be changes to tax exclusions and deductions in 2020. The estate tax exclusion will go up $180,000 to $11.58 million. Individual estates worth up to $11.58 million will not be subject to federal or gift taxes. Estates for married couples will not be subject to federal or gift taxes if they don't exceed $23.16 million.
Gift tax exclusions will remain at $15,000.
December 17, 2019 | Main Office
December 11, 2019 | Main Office
Essentials of Security Deposits
Security deposits are held by landlords to protect them from unpredictable tenants. They are designed to protect landlords from damage to their property. While the landlord holds the deposit, it belongs to the tenant.
Massachusetts law dictates that...