Montgomery County Executive Ike Leggett recently sat down for a one on one interview with Lorna Virgili where he talked about the upcoming budget, the Department of Liquor Control, his regrets and his legacy. You can watch some of that interview in the report, below:
How 529 Plans Can Help Reduce Taxes And Pay For College
Whatever the time of year, paying for college is usually on the minds of parents. For the middle class it is especially daunting. The wealthy usually have the means to afford the $50,000 to $60,000 annual cost at some private colleges. And, if a talented student is from an impoverished background, there are ways (grants, […]
Eight Ways Children Lower your Taxes
Got kids? They may have an impact on your tax situation. If you have children, here are eight tax credits and deductions that can help lower your tax burden. Dependents: In most cases, a child can be claimed as a dependent in the year they were born. Be sure to let the office know if […]
Identity Theft and Your Taxes
Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. It presents challenges to individuals, businesses, organizations and government agencies, including the IRS. Learning that you are a victim of identity theft can be a stressful event and you may not be aware that […]
MC 311 Provides Information on State and County Property Tax Credits (VIDEO)
Did you know that the MC 311 call center representatives are able to assist county residents to obtain qualifying state and county property tax credits? Learn more in this report, below: Visit our PEG partner County Cable Montgomery to view more of its local programming.
How a Clinton, Trump, or Johnson Win Will Impact Near and Current Retirees, Part I
I often write about what my clients ask me and lately they’ve been asking about the election. The election’s impact on the stock market has been discussed at length on Forbes and in other publications. . This is a great topic, but I think what is missing in the personal finance media coverage is information […]
Selling your Business
There are many reasons to sell a business. Maybe you’re in ill health or ready to retire. Or you’re tired of working all the time and now that the business is profitable you’re ready to cash in. Whatever the reason, selling a small to medium sized business is a complex venture and many business owners […]
ACA Tax Facts for Individuals and Families
The Affordable Care Act contains two provisions that may affect your tax return this year: the individual shared responsibility provision and the premium tax credit. Here’s what you should know: Information Forms: 1095-A, 1095-B, and 1095-C This year marks the first time that certain taxpayers will receive new health-care related information forms that they can […]
Roth IRA’s: The Basics
A Roth IRA is an individual retirement plan that with certain exceptions, is similar to a traditional IRA and subject to the rules that apply to a traditional IRA. For example, to be considered a Roth IRA, the account or annuity must be designated as a Roth IRA when it is opened. A deemed IRA […]
Riemer Introduces Legislation to Allow Homeowners to Legally Rent out their Homes on a Short Term Basis (VIDEO)
During today’s County Council session, Zoning Text Amendment (ZTA) 16-03 was introduced by lead sponsor Hans Riemer. This zoning text amendment would allow homeowners to legally rent out their properties on a short-term basis. Currently, County homeowners are restricted from renting out properties on popular services such as Airbnb or Roomorama. Find out more in […]
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