 Reduce 2009 income tax liability
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Certain medical expenses that exceed 7.5% of your adjusted gross income can qualify as itemized deductions that will reduce your income tax liability.
If you have been laid off or have experienced a reduction in your income, and you have ongoing medical issues such as eye glasses, contact lenses, and prescriptions, it may make sense to buy ahead of your needs. To the extent your income has been reduced, "bulking up" on such items now will help you exceed the 7.5% threshold and ultimately reduce your tax burden.
For more money coaching tips and ideas regarding your 2009 income taxes, make an appointment with Diane Nissen Friedman by phone (201)447-1137, or email, today. |
What is an equity?
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"Equity" is another word for stock. Stockholders are part-owners of a company. Owners of equities have certain rights such as voting for the board of directors, and will receive dividends if the company decides to pay them. Equities are one of three investment classes that comprise a balanced portfolio. The other two investment classes are fixed-income (bonds) and cash and or cash-equivalents (i.e. CDs). Read more at Investopia. |
Money Saving Tip for November 2009
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Save money on gifts by comparing prices of popular gift ideas such as netbooks, iPods, etc. Two sites that pull information from many vendors are Pricegrabber.com and Buy.com.
Each offers slightly different options. Pricegrabber.com permits consumers to put in price alerts to items they are interested in purchasing. Buy.com sends weekly emails with bargains of the week.
Results from these sites list both conventional and online retailers. For example, I recently purchased a small vacuum at Sears. The price of the vacuum was discounted, and I got it the same day.
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