Don’t Waste 529 Tax Benefits

Qualified tuition programs (QTPs), also known as 529 plans, offer substantial tax benefits. Investment earnings inside such plans avoid income tax. In addition, distributions from 529 plans to cover qualified higher education costs are tax-free. However, you’ll lose...

IRS Approves Simpler Home Office Deductions

Deducting legitimate expenses for a home office isn’t easy, but it can be done. Millions of taxpayers (including self-employed individuals and business owners) claim such deductions each year. Moreover, the process may be easier for 2013 and future years, thanks to an...

Leasing Company Cars

Among consumers, leasing cars is increasingly popular. According to Experian Automotive, a data provider, a record 27.5% of new cars financed in the first quarter of 2013 were leased, compared with 24.4% one year earlier. Thus, if you provide company cars to one or...

Real Estate Investing with REITs

As the memory of the financial crisis recedes, the real estate market shows signs of recovery. You may believe excellent investment opportunities exist now—and that might be the case. Nevertheless, you may be reluctant to buy investment property. Inexperienced...