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Kathy M. Kristof
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Higher Taxes for the Mass Affluent
A multitude of recent and proposed law changes aim to raise the taxes of people like you. Here are a few key steps that could help you head off these impending tax hikes. The Home Buyer Hit The new $8,000 tax credit for first-time homebuyers looks...
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Money Skills for Your Kids: Ages 4 to 9
To help your kids grow into money-savvy adults, start early. Here’s how to instill good money habits in even your youngest. Start Simple: What’s Money? Kids are little sponges, picking up on the idea that parents pay for things the...
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Money Skills for Your Kids: Ages 15 and Up
To make high-school students financially literate, let them handle (and sometimes mishandle) their own money. The Power of Compound Interest Albert Einstein called compound interest “the most powerful force in the universe.” But it can be tough to...
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Money Skills for Your Kids: Ages 10 to 14
You can get tweens to adopt the right lifelong money habits. But first you have to get their attention. Games Theory So when Bodnar’s three kids were in middle school, she decided to teach them money lessons through games. One of her favorites was The...
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Tax Tips for the New Jobless
Exactly how much you can write-off for job-related expenses after you’ve been laid off depends on how you characterize yourself to the Internal Revenue Service. Here’s how to grab all the employment deductions you can when you file your federal income tax return... Most days, being well-off...
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Tax Relief for Fraud Victims
If any of your money disappeared down the rathole known as Bernie Madoff or any of the similar Ponzi operations that came to light last year, the Internal Revenue Service offers you some relief, if not much sympathy. How financial victims can get the tax breaks they deserve... If any of your...
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Limbo Your Way to Lower Taxes
You may be able to lower your 2009 federal income tax bill by finding ways to bring your income below certain thresholds, which would otherwise limit your write-offs. Here’s how to get into those sweet spots and pay less to the Internal Revenue Service as a result... Most days, being well-off...
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