Montgomery Community Media

If you’re looking to sell your home this year, then it may be time to take a closer look at the exclusion rules and cost basis of your home to reduce your taxable gain on the sale of a home. The IRS home sale exclusion rule allows an exclusion of gain up to $250,000 for […]

What would you do if your car needed major repairs? What if you lost your job or were hospitalized for a long time? These are things we don’t want to think about but they are very important to budget for. If you save for these types of situations it will make that stressful time a […]

Key tax provisions in the American Rescue Plan Act of 2021 could affect your tax situation. Here’s what you need to know: Child and Dependent Care Credit Increased for 2021 Only The new tax law affected taxpayers in several ways. First, it increased the dollar amount of the credit and the amount of eligible expenses […]

Twenty-six years of honoring the Upcounty’s finest continued despite the coronavirus pandemic. The Gaithersburg-Germantown Chamber of Commerce (GGCC) honored fifty-eight Upcounty Police Officers and Public Safety Emergency Communications Specialists at their 26th Annual Public Safety Awards on Friday, July 30, 2021. This event honors the public safety personnel and first responders from Montgomery County Upcounty’s […]

With the stock market hovering near all-time highs, one would think investors are full of investing confidence. However, as has been the case since the financial crisis of 2008, the stock market’s recovery has been unloved. And in some ways, the skepticism towards the strength of stocks keeps pushing stocks higher. As Sir John Templeton […]

Around 90% of stock mutual funds underperform index funds, while charging higher fees. Why would you pay more, for getting less? In this blog, you will learn all you need to know about Fidelity index fund investing! We’ll cover: What index funds are, why to choose Fidelity index funds, tips on how to create a […]

“Someday is today” is back in full effect and is meant to encourage you the viewers to live your best lives today and honor your potential. – After quitting corporate America, it took a bit to adjust to starting my own business and putting things in gear but eventually you get to the point where […]

While the Net Investment Income Tax (NIIT) tends to affect wealthier individuals most often, in certain circumstances, it can also affect moderate-income taxpayers whose income increases significantly in a given tax year. Here’s what you need to know. What is the Net Investment Income Tax? The Net Investment Income Tax (NIIT) is a 3.8 percent […]

Employees and small business owners often have questions about what to do with an employee’s home – and what the tax consequences might be – when they move to a new job location. Here are some answers: Employees Most employers want to protect the employee from being relocated against financial loss on a “forced” sale […]

Two former nurses turned small business owners are now whipping up gourmet protein shakes and energy teas in Germantown. The Gaithersburg-Germantown Chamber of Commerce (GGCC) conducted a ribbon-cutting ceremony and joined MoCo Nutrition LLC to celebrate their grand opening on July 9, 2021. They are located at 19857 Century Boulevard, Unit B in Germantown. We […]