My Two Cents Blog

How to Claim Florida as Your State of Residence to Save on Taxes

I hear a lot of people talking about this and found this articles on forbes.com (link at the bottom)  that I think will be useful for people contemplating the move. Q: I live in New York. If I buy a second home in Florida, can I count Florida as my residence for state tax purposes? A: Maybe, […]

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Is a 20 percent down payment out of reach? How to get around that.

Though I personally believe that putting 20% down is important as well as paying off your mortgage faster then 30 years and that home ownership isn’t for everyone I think this article gives some good options to people who still want to purchase real estate and can’t put down 20%.  The article originally appeared on […]

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6 Tax Planning Tips To Consider For 2017

This article originally appeared on Forbes .com (link at the bottom) and i think it is one of the better tax tip articles out there with tax reform still up in the air. With many Americans completing their 2016 tax returns, it might seem early to start working on reducing your 2017 taxes. But with […]

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Tax Hacks 2017: Can’t Pay Your Taxes? Here’s What to Do

This tax status may bring you woe: “I owe! Oh, no! I haven’t got any dough! So …” This scary situation may make you want to dodge the IRS. But, seriously, resist the temptation to skip filing. The penalty for not filing is 10 times worse than it is for paying late. And the filing […]

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Free MD 529 plan State Match Contribution Program

If you have a MD 529 plan and your income falls within the thresholds below you can get a FREE $250 state MATCH contribution if you follow this link, apply before 6/1/17 and make the minimum contribution by 6/1/17.   https://maryland529.com/mdmatch250 Maryland Taxable Income  Individual Joint  *Minimum Contribution  State Contribution  $49,999 or less $74,999 or less $25 […]

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