Many investors are lured into to penny stocks because they are cheap, but they have the potential to pay big profits. It’s possible to profit from penny stocks, but it’s not easy. In fact, it’s much easier to lose money on penny stocks. If you do want to take a risk on these stocks, you’ll have a better chance of making money if you understand the game. Here are some things you … [Read more...] about Things You Should Know Before Investing In Penny Stocks
When you give a little, you can get a little—or, to put it better, keep a little. Charitable deductions can be deducted from your taxable income, which can lower your tax bill. However, in accordance with the federal tax code, there are certain rules you must follow in order to claim the charitable contribution deduction. Rules For Claiming A Charitable Donation … [Read more...] about Tax Donation Tips For Tax Time
Debt issued by a government—whether it’s local, state or federal—is generally a safe investment. Most government debt is backed by a “full faith and credit” pledge, which is a commitment to pay back the debt no matter what. It is widely accepted that the United States government will never default on its debt obligations, making its bonds virtually risk-free. U.S. Government … [Read more...] about U.S. Government Bonds vs. Municipal Bonds: What’s The Difference?
It’s never too early—or too late—to start saving for your child’s college fund. Whether college is three or ten years off, there are many options available that can help you save for college expenses, while also offering you tax benefits. 529 Plans A 529 savings plan is a tax-advantaged investment plan designed to encourage saving for future education costs. Named after … [Read more...] about 529 Plans & Investment Tips For Your Child’s College Fund
If you’re like most employed taxpayers, you probably see a large chunk of your paycheck go to the government each payday. Any income you earn is taxable, according to federal law, unless otherwise specified. Here are some cases that fall into the “otherwise specified” category, when your income may be non-taxable. 1. Gifts And Inheritances If you receive a gift or an … [Read more...] about 9 Different Types of Non-Taxable Income