Subscribe if you would like to receive future articles and newsletters via email.
For additional articles, see our complete article list
The odds of being audited have fallen to 3.8 out of 1,000 in 2022 down from 4.1 out of 1,000 in 2021. However, the IRS is working to increase the audit rate for the wealthiest Americans.
Many resolutions fail because it is difficult to change behaviors that have been created over many years.
Most residents of Colorado will escape the burden of estate and inheritance tax, but you need to be aware of income and capital gains tax considerations on inherited money.
To prepare for a recession, focus on what you can control. Some dangers of a recession include a job loss or a decrease in pay. Increase your emergency fund to at least six months of expenses to cover an unexpected drop in income. Review your budget and decrease spending on discretionary items.
It is less expensive to travel in late spring and early fall. During shoulder season, you will also enjoy moderate temperatures and fewer crowds.
Using miles to purchase your airline ticket is a terrific way to save money on this expense.