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December is the season for giving, and Arizona's generous charitable tax credits make it easy and painless to help people in need during the holidays while also brightening your New Year by cutting your state tax bill. Mesa United Way is now certified to accept charitable foster care tax credit donations as well as the standard charitable tax credit, which allows you to double your giving as well as your tax break.
For many, preparing for retirement can be a daunting proposition. You’ve worked hard for years, saved, invested and dreamed of the day you could quit the 9-to-5 grind.
Cox Communications is partnering with Mesa Public Schools to give low-income families 100 refurbished computers at a reduced coast.
As we approach the primary election, Arizona is in an envious place right now. Of the six Republicans running for the governor’s office, each of the four front-runners arguably have the credentials to become a good governor for our state.
A new fruit that research says packs more antioxidants than popular “superfoods” like blueberries, acai berries and goji berries is establishing itself in the aisles of mainstream grocery stores, showing up in everything from juices to powdered supplements to baby food.
You may have received a letter supposedly from the U.S. Census Bureau asking for more information. Some of you want to know if it’s real.
Another school year is drawing to a close. If you have young children, you might be planning for their summer activities. But you also might want to look even farther into the future — to the day when your kids say “goodbye” to their local schools and “hello” to their college dormitories. When that day arrives, will you be financially prepared to pay for the high costs of higher education?
You didn’t see it on your calendar, but Tax Freedom Day fell on April 21 this year. So, why not mark the occasion by beginning to look for ways to become a “tax-smart” investor?
It may not be all that much fun to file your taxes, but you do get to eagerly anticipate that one big question: Will I or won’t I get a tax refund? If you receive a refund, you’ll have to answer another question: What should I do with it?
NEW YORK — Frozen foods are about to get some badly needed image therapy.
With tax season here, it’s time to focus on your tax return, which is due on April 15. As you work on your return, you may see some areas in which you’d like to make some changes for 2014 and beyond — and one of these areas may be your investments. Specifically, can you find ways to become a more “tax-smart” investor?
The benefits of Roth IRAs are undeniable: no required minimum distributions (RMDs) for an owner and, perhaps best of all, no income tax on qualified distributions. For those investors who meet the income requirements to fund a Roth, choosing one is simple. Investors who exceed those limits but still want to access a Roth account can do so — if they prepare to manage the up-front costs.
For individuals who are unable to legally marry or who simply choose not to, there are unique considerations around beneficiary planning for your retirement assets. Under the current rules, the IRS does not recognize domestic partners as spouses for purposes of retirement account planning. Rather, partners are considered to have the options available to non-spouse beneficiaries.
I am a mother of a recent college graduate and my frustration with the poor employment prospects for the young has deepened over time. A New York Times editorial entitled, “Where Have All the Raises Gone?” (March 2, 2014), noted the stagnation and decline of American workers’ wages predates the Great Recession. In fact, since 2002 the pay for less educated workers has declined while the salaries of college educated workers has stagnated.
An investment sea change has been occurring in the past few years: Mutual fund investors have been shifting some or all of their assets to passively managed vehicles. For many, exchange-traded funds (ETFs) have become the vehicle of choice.
You need to save and invest as much as possible to pay for the retirement lifestyle you’ve envisioned. But your retirement income also depends, to a certain degree, on how your retirement funds are taxed. And that’s why you may be interested in tax diversification.
Tom Patterson’s column, “Marriage gap contributes to inequality,” seems to leave out the harsh realities of inequality in America. Tens of millions of Americans struggle to survive economically, while the wealthiest people are doing very well and corporate profits are at an all time high. In fact, wealth and income inequality is greater today than at any time before the great depression. One family now owns more wealth than the bottom 40 percent of Americans. In recent years 95 percent of all new income has gone to the top 1 percent. How can Mr. Patterson say the “key to the whole deal, the most basic explanation of what’s going on is the marriage gap?” Nations will not survive when so few have so much and so many have so little. It has nothing to do with a “marriage gap.”
It’s not often that people go out of their way to help Brenda Noe, a single mom from Mesa who solely supports her three children. When someone does, she takes notice.
President Obama, switching the subject from Obamacare, recently gave a speech describing income inequality as the most significant issue of our time. Advancing inequality “is what drives me”, he said, because it “poses a fundamental threat to American prosperity”.
If you’ve just had a baby, your life is filled with more joy (but less sleep). You’re probably already aware of the time and effort you must invest in raising your child, but you may not have thought as much about another aspect — the financial one.
Those crazy Regressives keep trying new avenues to convince us that “trickle down” economics actually “works” and their latest scam is the “Fair Tax,” a misnomer if there ever was one!
As you probably know, a mutual fund may contain many different types of investments, such as stocks, bonds and government securities. But as an investor, you need to pay attention not only to what goes into your mutual fund, but also what comes out of it — namely, the three ways in which a fund can compensate you.
Throughout your career, you have been working hard to save in one or more retirement accounts. Then, once you retire, you’ll have some new decisions to make. But one choice has already been made for you: the age at which you must start taking withdrawals, or “distributions.” It’s a good idea to familiarize yourself with these distribution rules because they can have a big impact on your retirement income. And you may even want to take action before the end of the year.
Businesses and individuals were honored Wednesday for their work to eliminate underage drinking and substance abuse by Mesa youth.