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Planning Tools
Each link below takes you to a list of relevant content that can help you make important business and personal planning decisions.
Select a section to display available content:
Business Owner
Decision Tools
Business planning basics
Net worth calculator
Choosing an entity
Choosing a business entity
Comparison of LLCs, LLPs, and professional corporations
How C Corporations, Limited Liability Companies, and Limited Liability Partnerships Protect Personal Assets
Tax planning
Accelerating deductions/postponing income
Accelerating income/postponing deductions
FAQs
Home-based businesses
Can I deduct home office expenses?
If I work at home occasionally, am I entitled to a home office deduction?
Personal Finance
FAQs
Credit cards
How can I lower the interest rate on my credit card?
How can I pay off my credit card debt?
Retirement Planning
FAQs
IRAs
Can I roll a retirement plan distribution into an IRA?
Can I set up a traditional IRA?
Can I still have a traditional IRA if I contribute to my 401(k) plan at work?
Can I take money from my IRA without any penalty?
Should I withdraw money from my IRA to pay for my child's college tuition?
What are required minimum distributions and how are they calculated?
Saving for retirement
How can I plan for retirement if my employer doesn't offer retirement benefits?
How can we possibly save for retirement and our child's college education at the same time?
How late is too late to start saving for retirement?
How much money should I save for retirement?
What are catch-up contributions?
Special Situations
Articles
Caring for an aging parent
Caring for your aging parents
Do your parents need long-term care insurance?
Tax Planning
FAQs
General tax planning
Am I having enough tax withheld from my paycheck?
Are my Social Security benefits subject to income tax?
Are scholarships and grants subject to federal income tax?
Do I have to file a federal income tax return?
Do I have to pay U.S. taxes when I work abroad?
How did the Jobs and Growth Tax Relief Reconciliation Act of 2003 change capital gains tax rates?
I don't have the cash to pay my taxes. What can I do?
I have investment property. What does basis mean, and how do I determine the basis of my property?
I received a state tax refund last year. Must I include that amount as income on my federal return this year?
My spouse passed away this year. When I file my taxes, what filing status should I claim?
What is my tax bracket?
What is the alternative minimum tax?
What is the basis of property received as a gift?
What is the kiddie tax?
What penalties and interest will I be charged for paying and filing my federal income taxes late?
What's the difference between an "injured spouse" and an "innocent spouse"?
Will I have to pay tax on my investment income?
Tax credits
Can I take the credit for the elderly or disabled?
Can I take the tax credit for child care?
Now that my child is in college, am I entitled to any education tax credits?
What are the Hope credit and the Lifetime Learning credit?
What is the child tax credit?
What is the difference between the child tax credit and the child and dependent care tax credit?
What is the earned income credit and who qualifies for it?
Tax deductions
Can I deduct home office expenses?
Can I deduct premiums paid for long-term care (LTC) insurance?
Can I deduct the cost of improvements or repairs I've made to my home?
How do I deduct and substantiate my gambling losses?
I paid my mother's real estate taxes last year. Can I deduct this on my tax return?
I refinanced my principal home last year and paid points. What are points, and can I deduct them on my tax return?
If I prepay next year's taxes this year, can I deduct them this year?
If I work at home occasionally, am I entitled to a home office deduction?
Is student loan interest deductible?
My spouse and I are filing separate returns. Can we both itemize our deductions? If so, how do we split the deductions?
My town has assessed against me a real estate betterment for new sewer lines installed in my street. May I deduct this amount on my tax return?
We just bought our first home. What can we deduct from the settlement statement?
Taxes and child support/alimony
Are alimony payments considered taxable income?
What are the tax implications of child support payments?
Taxes and home ownership
Can I deduct the cost of improvements or repairs I've made to my home?
How do I figure the tax on the sale of my home?
I refinanced my principal home last year and paid points. What are points, and can I deduct them on my tax return?
I rent my home out for two weeks each year. Do I have to show this rental income on my federal income tax return?
If I prepay next year's taxes this year, can I deduct them this year?
My town has assessed against me a real estate betterment for new sewer lines installed in my street. May I deduct this amount on my tax return?
We just bought our first home. What can we deduct from the settlement statement?
Taxes and insurance proceeds
Are life insurance proceeds income taxable?
I receive disability insurance payments. Are they taxable?
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