Saving for College? What You Should Know About 529 Savings Plans
[vc_row][vc_column][vc_column_text]Q: We received a 529 plan from my parents as a gift for our newborn, how much should we invest in it each year? –Sylvia R. A: Hi, that is a great gift! Much better than an oversized stuffed teddy bear from a life planning perspective. Saving for college isn’t a terrible decision. However, you have to look at your personal […]
Top 5 Financially Fit Friday Posts
[vc_row][vc_column][vc_column_text css=”.vc_custom_1560347483136{padding-bottom: 40px !important;}”]In this week’s Financially Fit Friday we have rounded up the Top 5 posts, which cover everything from the adoption tax credit to using HSA’s for your surrogacy.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_basic_grid post_type=”post” max_items=”5″ element_width=”12″ orderby=”rand” item=”masonryGrid_WithSideContent” grid_id=”vc_gid:1560349362800-37f171e1-1e40-1″ taxonomies=”62″][/vc_column][/vc_row][vc_row default_id=”themesflat_1560349078″ css=”.vc_custom_1560349319998{margin-top: 60px !important;padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;background-color: #ededed !important;}”][vc_column][vc_column_text]Every Friday, CPA and […]
Find Out What Surrogacy Expenses Can Be Deducted From Your Taxes
[vc_row][vc_column][vc_column_text]Q: Can you claim any surrogacy related expenses on your taxes and if so which ones? P.P. A: The short answer is yes, you can deduct certain surrogacy expenses on your taxes. The long answer is, the majority of the expenses will not be tax deductible. The tax courts have ruled against the taxpayers who are […]
7 Expert Tips on How to Save for Surrogacy
[vc_row][vc_column][vc_column_text]Q: I’m reading everywhere that surrogacy costs can be upwards of $75,000. How can my partner and I start saving for this? –Robert N. A: Hi Robert, this is an excellent question and I will cover some of the best ways to jumpstart your savings plan. Surrogacy costs can climb fast and having cash on hand is […]
Here’s How Surrogates Can Save Money on Taxes
[vc_row][vc_column][vc_column_text]Q: I am a surrogate and declared my payment as taxable income on my taxes, can I deduct my fertility treatments and travel? –Mandy R. A: Hi Mandy, thanks for the question and let’s jump right in and look at how you can deduct your expenses. Ok, now that you have a lot of extra taxable […]