1. Donate to qualified charities and organizations You can generally deduct contributions of up to 50 percent of your adjusted gross income to qualified charities and organizations if they’re made before December 31. Consider: Donate stock. You can generally deduct the fair market value of donated stock. 2. Contribute to your 401(k)Before the end of the year add pre-tax money to your 401(k) to reduce your taxable income. 3. Sell losing stock … (0 comments)
savings: What would you do with $1000??
- 08/08/08 05:34 AM
What would you do with a thousand dollars today? Spend it on a new sound system, or workout equipment? I have a better idea, plan for your retirement. OK that does not sound sexy or exciting but it is the smart thing to do. If you consider the Rule of 72, its easy. Divide the number 72 by your rate of return. The answer is te number of years it takes for you to double your money. For example 72divided by 7 equals 10.29 years. So if you spend a thousand dollars today, you could just add another zero to the … (1 comments)
savings: More "Green" news in Austin
- 08/05/08 02:43 PM
Austin Energy is now offering new rebates for going 'green'. If you install a Solar Residential PV you can get a $4500 or $4.50 per watt rebate! The rebates pay up to 80% of the cost or $13,500 (which ever amount is less). Feel like going solar for your water heating needs? Austin Energy offers a zero percent loan (with approved credit) OR a $2000 rebate. There is also a 30% federal tax cut on both programs! This kind of savings will make your neighbors green with envy!! To get all the details please call them at 512-482-5346 … (1 comments)
Take advantage of smart year-end financial moves that can help reduce your income tax liability when you file next spring. Here are a few tips from my CPA.
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