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Showing posts from September, 2022

Medical Expenses

                                                               Medical Expenses                                 38) A critical strategy for maximizing medical expense           deductions is known as "bunching." The idea is to pay           as many medical bills in one year as possible.  The           7.5% floor on medical expense deductions requires this           tactic.  Once your medical bills for the year exceed           the floor, all expenses above that amount are fully           deductible.  So you want to make payments that year           whenev...

Opening Format

                              Opening Format                              by Tony Curro     A few days ago you stuffed yourself with turkey. Now, it is time to     do your Christmas shopping. I hope you checked out my picks last     month to help in your purchases. There were many programs that I did     not touch on last month. I mainly focused on utilities and games. No     word processors were mentioned. The reason was that I had not yet     looked at MS Word 6.0 for Windows. After looking at it, I feel that     if you purchase it, or WordPerfect 6.0 for Windows, you will not be     disappointed. These are the two big pro grams for Windows. Both     companies have improved and enhanced their products. Word has made     it easy for WordPer...

Miscellaneous Deductions

                                                           Miscellaneous Deductions                                 23) Retaining their medical, miscellaneous and employee           business expense deductions is important to most           taxpayers, because these expenses generally are           unavoidable.  Yet Congress tried to curtail these           deductions because one of the ideas behind tax reform           was that you would give up some deductions in order to           get lower tax rates.  Yet the clever taxpayer knows how           to keep some of those ...

Mutual Funds

                                                                 Mutual Funds                           Mutual funds offer the investor immediate           diversification into carefully selected and managed           securities.  An investment program can be started for a           small amount of money (typically $500-$1,000) and           subsequent purchases can be as small as $50.           Automatic reinvesting of capital gains and dividends           will speed up the growth of the investment.                A mutual fund is a professionally managed, ...