June 20th, 2018 Newsletter


Insurance-Based Tax Deductions You May Be Missing
When it comes to filing taxes, getting the best returns is not about skill – it’s about what you know. Unfortunately, many taxpayers miss out on deductions and credits simply because they just aren’t aware of them. Several of the most …

The 10 biggest tax breaks for individuals
The overhaul of the US tax code was supposed to make taxes simpler and more streamlined. Nearly doubling the standard deduction was a move …
CNN Money

23% of Americans with retirement plans make this terrible mistake
Sometimes in life, we run into situations where we need money and don’t have an easy way of accessing it. So if you’re sitting on a retirement …
USA Today

What Should Waiters and Bartenders Earn? The Debate Over the Tipped Wage
Abby Dunn works as many as four shifts a week as a waitress at the Fainting Goat gastropub in Washington, D.C., to supplement her income from …
The Wall Street Journal

35 Ways to Earn Extra Cash 2018
Coming up with extra cash to pay the bills, cover unexpected expenses, boost savings, accelerate your 401(k) or perhaps even finance …

Maximize your health savings account benefits with these simple steps
An increasing number of Americans are taking advantage of health savings accounts (HSAs), but there are strategies they are not employing …
Fox Business

I need a student loan. What are my options?
My daughter received a scholarship, but we still owe the college $15,000 this year. That’s more than we can afford to pay. Where do we go …
CNN Money

Benefits Of 529 Education Accounts Expanded Under 2017 Tax Reform
Tax reform expanded the use of 529 education savings accounts to the point that many states are worried it will break their budgets. The accounts …

The insecurity of freelance work
The decline of the conventional job has been much heralded in recent years. It is now nearly axiomatic that people will work for a range of …
The Economist

With Benefit of Survivorship
With benefit of survivorship refers to a legal agreement where co-owners of property automatically receive full ownership when another …

Tax Credits for College Costs
My daughter will be starting college this fall. Can we get a tax break for paying for college? You may get a tax credit for paying her …

“The market has been slow today. See if they’ll trade a few shares of company stock for two cords of firewood and a ’77 Chevy.”
Copyright © Randy Glasbergen
What fraction of coins produced by the U.S. Mint are pennies?
See the answer below.
Small business optimism soars, resulting in increased hiring and wages
The Small Business Optimism Index continued its impressive run in May, climbing to the second-highest level in history with small businesses …
Fox Business
What Year Was It?

Movie Jaws Released

Movie Jaws Released

The story of a great white shark that terrorizes a resort town became an instant blockbuster and the highest grossing film in movie history at the time.
The day was Jun 20. What year was it?

Quote of the Week
“I have not failed. I’ve just found 10,000 ways that won’t work.”
Thomas A. Edison
Trivia Answer
What fraction of coins produced by the U.S. Mint are pennies?
Answer: 2/3
Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750
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