It’s easy to confuse Medicare and Medicaid, because they have similar names and are both government programs that pay for health care. But there are important differences between the programs. Medicare is generally for older people, while Medicaid is for... Read more
With the enactment of the One Big Beautiful Bill Act (OBBBA) in 2025, taxpayers may now benefit from a new annual deduction of up to $10,000 for interest paid on qualifying new auto loans, effective for tax years 2025 through... Read more
Small businesses that rely on imported goods have been significantly affected by recent shifts in U.S. trade policy. The de minimis exemption, which previously allowed duty-free entry for shipments valued under $800, was eliminated for all countries as of August... Read more
According to Harvard’s Leading Indicator of Remodeling Activity, annual U.S. spending on home improvements and repairs is projected to reach $522 billion by the end of 2026, after a modest rise of 1.6% (year over year).1 The nation’s stock of... Read more
The U.S. Dollar Index — which measures the value of the dollar against the world’s six most traded currencies — took a historic 11% dive in the first six months of 2025, delivering the worst first-half performance since the 1973... Read more
Just like Groundhog Day, our financial habits can repeat themselves, month after month and year after year. That is, until we consciously break the pattern. Now is a good time to check on your finances, since it’s still early enough... Read more
Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts. Here are some of the key adjustments for 2026. Estate, gift, and generation-skipping transfer tax... Read more
Over the past year, colleges have faced several headwinds, including funding cuts, political entanglements, and student concerns about affordability and return on investment. Now, some wealthy colleges are facing another obstacle: an expanded tax on their endowments. A new tiered... Read more
A will is an essential legal document that describes how your estate should be distributed upon your death. It is the basis for the probate process and can serve as a guide for your heirs.A letter of instruction has no... Read more
By one estimate, some couples who retire at age 65 in 2025 could spend as much as $428,000 on health-care expenses in retirement. This figure includes lifetime premiums for Medicare, supplemental insurance, deductibles, coinsurance, and other out-of-pocket costs for medical... Read more
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