How does the United States stack up against the rest of the world in retirement savings? A new worldwide retirement readiness survey is addressed in this article in Marketwatch from The Wall Street Journal by Richard Eisenberg. Click here for more details: http://www.marketwatch.com/story/retirement-us-versus-the-world-2014-06-11 Based on this survey, we come out near the top. We are also actually held in awe in other parts of the world for how much we save (as a whole) for retirement (really?) Anyway it is an interesting view of how the rest of world looks at us and themselves. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Tax Musings of a Burbank CPA: Get Credit for Child and Dependent Care This Summer
If you are sending your kids to either daycare of summer camp, you may qualify for the tax credit for child and dependent care. The IRS had brought out a tip talking about qualifications for this credit – see the link below for the tip sheet from them: http://content.govdelivery.com/accounts/USIRS/bulletins/bd35e8?reqfrom=share Just remember that you had to file married joint or head of household to qualify for the credit (you may also qualify if you and your spouse lived apart .) Remember the max costs is $3,000 for one child or $6,000 for two or more and you have to get the provider’s federal idenitification or social security number as well as address and (sometimes) their telephone number. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Musings of a Burbank CPA: Student-loan forgiveness may be overstated
President Obama’s new plan of expanding help for students with their federal loans that was announced a few days ago (even though the plan, called Pay As You Earn, has been around since 2012) may not actually cover the “up to five million” people the White House fact sheet states as the specific terms are not available. See this article in SFGate by Kathleen Pender for more details: http://www.sfgate.com/business/networth/article/Student-loan-forgiveness-may-be-overstated-5539949.php It would be nice when these things are announced if the details are also provided so you can actually see approximately who it would help (but then people couldn’t just announce an ‘up to’ figure and might have to actually provide proof of the number of people who might qualify.) For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa