April 10th, 2014
| Planning Your Financial Future |
April 2014 |
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| April is almost here, and that means you have about two weeks to either get your taxes filed or file an extension. If you don’t think you will have your information ready, file an extension. But remember, if you think you will owe (or you know it), send a payment along with the extension. You can extend the time to file. You cannot extend the time to pay. |
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Spring Cleaning Your Debt
It’s springtime–time for you to take stock of your surroundings and get rid of the dirt and clutter that you’ve accumulated during this past year. In addition to typical spring cleaning tasks, you may want to take this time to focus on your finances as well. In particular, now may be as good a time as ever to evaluate your debt situation and try to reduce and/or eliminate any debt obligations you may have. |
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How do I figure the tax on the sale of my home?
If you owned and used a home as your principal residence for a total of two out of the five years before the sale you may be able to exclude from federal income tax up to $250,000 ($500,000 if you’re married and file a joint return) of the capital gain when you sell your home. |
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This entry was posted on Thursday, April 10th, 2014 at 11:29 am.
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