Posts Tagged ‘Inflation’

2012 Tax Benefits Increase Due to Inflation Adjustments

Every year the IRS must adjust the dollar amounts of a variety of provisions which affect every taxpayer, to keep pace with inflation. New dollar amounts affecting 2012 returns, filed by most taxpayers in early 2013 include the following:

The Difference Between Short-Term and Long-Term Capital Gains

The sale of a capital asset will result in a capital gain.  Depending on the holding period of this asset, the gain will either be short-term or long-term. Long-term gains have a lower, preferred income tax rate.  The holding period begins on the day the asset is purchased, as measured by the trade date, to the day the asset is sold. Assets that are inherited are deemed to be held long term.

Happy 75th Birthday to the Social Security Administration

Blow out the candles and cut the cake, the Social Security Administration ("SSA") is celebrating its 75th birthday!

I recently attended a presentation by one of the Social Security representatives.  If you get a chance to attend one of these sessions, I strongly encourage you to do so.  Here are some of my notes from this seminar.  Please be aware that I did not verify these facts.  Any errors would surely be in my note taking ability.

A College Education is Expensive…Fight Back!

According to the College Board, the average cost of tuition at a public school increased by 6.5% last year.  The average increase in tuition at a private school was 4.4%.  This put the average cost of tuition, room and board, and fees at $15,213 for the public school and $35,636 for private school.  

Rising Rates and Five Other Housing Trends

Guest Post by Bill T. Daniels, Certified Mortgage Coach

The Federal Reserve's purchases of mortgage-backed securities kept interest rates near historic lows for much of last year.  But within a week of the program's expiration, rates for 30-year fixed-rate mortgages jumped from 5.04 percent to 5.31.  Now many analysts are predicting rates will likely rise as high as 6 percent by early next year.  Here are five other housing trends to watch:

Web Statistics