Free Tax Filing Online

The Ultimate Guide to Free Tax Filing Online

Try our free tax filing onlineDo you still take your tax records to a CPA or other tax professional for a simple return? Each year, millions of taxpayers are taking advantage of free tax filing online at one of the online tax filing firms.

Cost and convenience are the two major reasons for this change. Having a tax professional prepare even a simple return without itemizing, can cost several hundred dollars. Traveling to and from a tax professional can be very inconvenient as compared to doing your taxes online from the comfort of your home.

You’ve probably heard about the new tax law that goes into effect for 2018 tax returns. The primary change in this law raises the standard deduction to View full post…

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Retirement Strategies

Underutilized Retirement Strategies

Retirement strategies(BPT) – Across the nation, thousands of seniors have used a Home Equity Conversion Mortgage (HECM), commonly called a reverse mortgage loan, as a savvy way to access the equity in their homes as part of their retirement strategies.

Those who are interested in a reverse mortgage loan should know that there are six main phases to the process: 1) educating and qualifying 2) counseling, 3) approval, 4) funding, 5) using and 6) settling.

1. Educating and qualifying

The HECM process begins by contacting an FHA-approved lender who will review the borrower’s situation, educate them on the HECM program, and determine if they would likely qualify for a reverse mortgage loan.

“Once the lender has determined that the borrower is eligible, they work closely with them to shape the loan so it fits their needs,” says Paul Fiore, Chief Sales Officer for American Advisors Group, the leading reverse mortgage lender in the nation. “At AAG, this is a highly personalized process View full post…

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Student Loan Help

4 Options to Consider if You Need Student Loan Help

Student loan help is availableIf you’re struggling to make the payments on your student loans, and you need student loan help, you’re not alone. When the 2017 college class graduated, the average amount of student loans each one carried was in excess of $39,000. College costs are increasing every year forcing students to borrow more. This only adds more to the total outstanding student loan debt which is just under $1.5 trillion dollars.

When you factor in that about 11% of these loans are in a delinquent status, taxpayers will be on the hook for a lot of money.

There are a few options available to you that can help get you back in control of your debt. Consider one or more of the following that can help to make your life a little View full post…

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Do You Have Disability Insurance?

If an injury or illness kept you out of work, would disability insurance pay your bills?

Do you have disability insurance(BPT) – You helped friends move their furniture; now your back is so sore you can’t move. You could be out of work and unable to collect at least three paychecks.

Your doctor says you’ve eaten your last bacon-wrapped hot dog, or your health could keep you out of work for four paychecks.

You made a diving catch to clinch the win for the company softball team. Though you were carried off the field a hero, you’ll be away from the office for eight paychecks.

We’re all temporarily able-bodied – no one is immune from an unexpected illness or injury. One in four of today’s 20-year-olds will experience a disability before they hit retirement age, according to a June 2016 Social Security Administration fact sheet.

Back injuries, heart attacks, knee replacements or View full post…

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Do Your Taxes Online Fast & Accurately

How To Do Your Taxes Online In Minutes

Do your taxes online yourself in minutesQuite often it doesn’t make much sense to have a professional handle your taxes. There are many reasons why it makes more sense to do your taxes online yourself.

It all boils down to cost. When you consider the fees charged by professionals versus the small fees to file your taxes online, its a no-brainer. During the 2018 tax season, the average fee by a pro for a federal and state return using the standard deduction was $175.00.

Filing the same return using itemized deductions, the total fee was $275.00. Say you had a side gig and had to file a Schedule C, the total fees would be in the area of $450.00 and up. In some areas of the country where the cost of living may be higher, your total fees went well View full post…

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