Strategies for Families Articles

Benefits of a Flexible Spending Account

Flexible Spending Accounts (FSA) allow employees who get health benefits at their jobs to set aside wages for health care expenses during the year. The money isn’t taxed when it goes into the accounts or when it’s spent on qualified medical expenses like co-payments for doctor visits and prescription drugs. They’re intended to defray predictable […]

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Posted on March 10, 2014 by

3 Smart Purchases to Make in March

Although most of us don’t look at March as a big savings month, retailers are competing for a piece of our tax return, offering discounts that rival the holiday season. It’s a given that seasonal items are always the first items to get deeply discounted by stores. Websites such as and provide even […]

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Posted on March 7, 2014 by

Are Student Loans Tax Deductible?

Come tax time, you’re likely looking at all the ways you can reduce your taxable income to get the largest return possible. This is especially true for you if you’re a young professional that is in the very early stages of your career, perhaps even only a year or two out of college. It’s likely […]

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Posted on August 27, 2013 by

Smart Money Saving Tips for College Students

Going to college is not just about getting a quality education, it is about learning how to live life on your own. That can be a challenge as students learn to become self sufficient, but it does not have to be painful. The following are tips with explanations that can help college students make smart […]

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Posted on August 5, 2013 by

Year-end Tax Planning Suggestions

Want to help manage your year-end taxes? Here are some tax-saving planning tips: Donate to your favorite charity. Charitable contributions to a qualified tax-exempt organization are an excellent way to decrease your taxable income. Plus, they help others. Do you have an older vehicle sitting around that nobody uses? Donate it. Older clothes, etc. Be […]

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Posted on November 27, 2012 by

Tax Tips for the Baby Boomers

If you are part of the Baby Boomer generation, here a few things that can help maximize your tax planning and retirement strategy. One of the biggest decisions is whether to wait for full retirement age (age 66) to collect Social Security, or start receiving earlier. Here are a couple of things to know about […]

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Posted on August 26, 2012 by

Tax Tips for Those at the “Top of the Hill”

You have probably worked more than half of your life, hence being at the “Top of the Hill.” In order for a smooth, enjoyable coast into retirement, now is the prime time to evaluate your retirement plan. Did you or will you have enough retirement money saved to live comfortably when you retire? Do you […]

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Posted on August 25, 2012 by

Tax Tips for the iCrowd

The goal of tax planning is to arrange your financial affairs to minimize your taxes and in doing so keep more money in your pocket. And that’s what we all want, right? As a Millennial, time is one of your most valuable assets when it comes to any financial, retirement or tax planning. And the […]

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Posted on August 24, 2012 by

Tax Tips for the GenX’ers

If you’re part of the Generation X, you may realize you do not qualify for some of the credits and deductions you had been getting in prior years. Additionally, wage earners typically make the most money at work during this period of life. Without increasing your withholding from your paychecks to adjust for the changes, you could […]

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Posted on August 22, 2012 by

Tax Planning for Your First Job

Congratulations! You may have landed your first full-time or part-time job. When you completed the paperwork for your job, you filled out a Form W-4, which the employer will use to figure out how much tax to deduct from your paycheck every pay period. The Form W-4 is not the most user-friendly form to fill […]

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Posted on August 13, 2012 by
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