taxes

How to "Profit" From Losing Investments

As the year comes to a close, lots of opportunities exist for families to make final decisions that can affect their finances and their taxes. These include Traditional or Roth IRA contributions, HSA contributions, year-end expenses for farmers, ranchers, and business owners, just to name a few.

Another lesser known year-end strategy is something called tax loss harvesting. This strategy helps investors take advantage of investment losses they may have experienced, but still keep their funds invested for the long-term.

How to Get a Property Tax Refund in Wyoming

At its most recent session, the Wyoming State Legislature passed House Bill 0099 which increases eligibility for a property tax refund program for Wyoming residents. During a time of steep rises in home values, and subsequent soaring property taxes, this is a welcome law. Signed into law by Governor Gordon on March 2nd, the program is now official. 

This law impacts many Wyoming taxpayers, so I felt a quick rundown of how the program works would be helpful.

Top Ways to Lower Your Taxes

We’re more than half way through the year! Can you believe it? Tax return season is still a long way off, but families should always have taxes on the mind when making financial decisions.

I’d like to write a short post today reminding readers of some of the most fundamentally simple ways to save on taxes. Most Americans want to pay a bit less and the IRS has several practical ways allowing you to do so. Here are several that can make the biggest impact on your tax bill, and also benefit you and others in the future.