Today’s top story: Combating inflation, and saving for retirement amid climate change. Also in the news: 3 ways to lessen the impact of inflation on your small business, 3 ways small-business owners will feel a fed rate increase, and how to get on top of planned expenses with sinking funds. Smart Money Podcast: Combating Inflation, and […]
Recent Blog Posts
Q&A: Reporting caregivers’ pay to the IRS
Dear Liz: We have a gardener, pool man and caregivers. We pay the gardener, pool man and some of the caregivers directly, while we pay an agency for the other caregivers. Do we have an obligation to report payments to the IRS? Answer: As an individual taxpayer, you typically don’t have to report payments to businesses. Your […]
Q&A: Taxes on trust’s income
Dear Liz: My father passed away last year leaving an estate that will make us comfortable through the foreseeable future. His holdings are mostly securities that are traded either on the NYSE or the Nasdaq. From our investments, we currently have non-earned income of between $75,000 and $100,000 annually without any other income. After estate taxes […]
Q&A: How to protect your identity beyond a credit freeze
Dear Liz: I volunteer for an organization that does background checks every two years. A recent check found my name and Social Security number was used in Texas from 2019 to 2021. I have never been to Texas. What can I do to find out how this happened, and how to protect my Social Security number? […]
Friday’s need-to-know money news
Today’s top story: Steps to build healthy spending habits and make the transition out of college easier. Also in the news: How to avoid risk of student loan default, why you should file your taxes early, and the cheapest American metro areas to buy a home right now. Get Ready to Spend Like a College Grad With […]
Thursday’s need-to-know money news
Today’s top story: How to put your tax refund to work for you. Also in the news: 7 ways to improve your small-business website, how ‘impact investment’ perform better than evil investments, and how to get the most out of every drop of gas right now. How to Put Your Tax Refund to Work for You Paying […]