Don’t jump through hoops to opt out of the 2021 Advance Child Tax Credit. You may miss out on tax benefits if you do. Do nothing and accept the money.
Latest Blog Posts
Buy More I Bonds in a Revocable Living Trust
You can buy more I Bonds at TreasuryDirect in a trust. The trust can have the same tax ID, email address, and bank account as your personal account.
I Bonds Beneficiary vs Secondary Owner in TreasuryDirect
You can set up a beneficiary or a secondary owner on your I Bonds in TreasuryDirect. It only depends on if you want to let someone transact on your behalf.
How To Grant Transact or View Right on Your I Bonds
A secondary owner can’t see or redeem savings bonds in TreasuryDirect until the primary owner specifically grant rights to the secondary owner. Here’s how.
Xfinity Mobile and Spectrum Mobile Bring Your Own Budget Phone
Xfinity Mobile and Spectrum Mobile offer low cost mobile services. You can use your existing phone even if it’s not an iPhone, a Samsung Galaxy, or a Pixel.
The Best Broker For a Custodial Roth IRA For Your Kid
If your kids work, seize the opportunity to open a custodial Roth IRA for them. See how to do it at Vanguard, Fidelity, and Charles Schwab.
How to Open a Trust Account at Interactive Brokers (IBKR)
Interactive Brokers (IBKR) offers attractive margin loan rates but it isn’t obvious how to open an account in the name of a trust. Here’s how.
How to File Form 5500-EZ For Your Solo 401k
Filing the Form 5500-EZ for your solo 401k plan is super easy but you have to remember to file it. I use these the plan characteristics codes.
Covid Retirement Account Withdrawal in TurboTax and H&R Block
If you withdrew from your retirement account due to COVID in 2020, follow this to get the special tax treatment in TurboTax and H&R Block tax software.
ACA Health Insurance Enrollment: Request Subsidy Upfront Or Not
Although you will be required to submit more documentation, you should estimate your income as low as possible and get the highest premium subsidy upfront.