At the end of the previous post on making the mortgage payment due on January 1 in December, I wrote: Similarly, if the 2018 property tax bill hasn’t come out yet, prepaying now to just have the ...
Make Mortgage Payment Due On January 1 In December
This is a quick follow-up to my email to subscribers yesterday. I said I wasn't sure whether making the mortgage payment due on January 1 in December would save taxes when you will switch from ...
High Income In Blue States Under New Tax Law
Now that the new tax law is official, it's time to update this post. One of the big changes on the individual side is the $10,000 cap on the state and local income tax and property tax deductions. ...
401(a) Plan Contribution Limit
Most people working at private companies have a 401(k) plan, and that's it. Those who work at educational institutions or non-profits often have a 403(b) plan, which works more or less the same as a ...
HSA Contribution Limit For Two Plans Or Mid-Year Changes
We all know that to be able to contribute to an HSA you need to have an HSA-eligible high deductible health plan (HDHP) and no other coverage. The HSA contribution limit looks quite straight-forward ...
IRA Recharacterization Illustrated
Some of you weren't so impressed when I drew diagrams to show that an IRA conversion doesn't really convert the IRA itself. It only moves the money from a traditional IRA to a Roth IRA, leaving the ...