learn about social securities online tools

With the aging population becoming increasingly tech-savvy, the Social Security Administration (SSA) has moved a lot of services online. From applying for Social Security benefits to replacing a card, the SSA has online tools to help. To access most of the online services, you need to create a my Social Security account. This account allows you to receive personalized estimates of future benefits based on …

5 Things to Know to Reduce Your Tax on Capital Gains

Although it is often said that nothing is certain except death and taxes, the one tax you may be able to avoid or minimize most through planning is the tax on capital gains. Here's what you need to know to do such planning: What is capital gain? Capital gain is the difference between the “basis” in property — usually real estate or stocks, but also …

Gift taxes and you!

The IRS has announced that the gift tax exclusion has been raised for 2018. A person can gift an annual exclusion of $15,000 without any gift tax consequences. Which means that you and your spouse could gift a child a total of $30,000 without any gift taxes. The lifetime limit was raised to 11,180,000. Double that for a married couple. This is the amount you …