04 Dec What happens to tax credits now that our home is in a trust?
There may be unintended consequences by putting a house in a trust. ...
03 Dec Will my niece owe inheritance tax on my N.Y.-based estate?
New Jersey can't touch assets that aren't based in the state. ...
03 Dec How can we save my mom’s money from Medicaid?
An ABLE account can preserve funds for people when they apply for Medicaid. ...
02 Dec When I sell my N.J. rental home, can I buy in Florida and defer taxes?
If you try a 1031 exchange, make sure to work with experienced professionals. ...
02 Dec Can I count improvements twice for cost basis when I sell my home?
You can't double-dip when it comes to home improvements and capital gains taxes. ...
01 Dec Will this inherited house be subject to the inheritance tax?
The inheritance tax is based on the relationship of the heir to the deceased. ...
01 Dec I can’t afford my life insurance. What are my options?
Your policy's features can help you find ways to keep it in force. ...
30 Nov Our primary home became a rental. What taxes will we owe when we sell?
Taxes owed on a home sale will depend on the history of your ownership....
30 Nov Will we lose unused day care funds in our flex spending account?
Strategies for "use it or lose it" plans were upended because of the corornavirus pandemic. ...
27 Nov My aunt’s estate is getting 9/11 fund check. Are taxes owed?
An estate tax return is usually due eight months after a person's death....