December 2013

A third of major retailers’ revenue comes from the last 2 months of the year. So obviously the Holiday season gets people to spend way more than usual.

If you sold your home this year for a profit, it may not be taxable income!

In most cases, if your home has been your primary residence 2 out of the 5 years you’ve owned it, you may not have to report it as income. Usually, you don’t have to report up to $500,000 dollars for joint returns—$250,000 for individuals.

Deduct the money you put towards a Health Savings Account!

Contributions you make to a Health Savings Plan are deductible and the withdrawals you make from it are tax free when you use the money towards medical expenses.

Sure you’ve got an idea of what you’re gonna spend on Holiday gifts but what about all the costs that sneak up on you?