One of the more popular provisions in the tax code is the $250,000 capital gain exclusion ($500,000 for a married couple) of any profit made when selling your home. As…
Finance
Sponsor spotlight: New choices for business owners
If you own a business and you offer a 401(k) or similar retirement plan to your employees, you’ll want to stay current on the various changes affecting these types of…
Sponsor spotlight: Building an emergency fund when cash is scarce
The traditional rule-of-thumb for emergency funds is to have enough cash stashed away to cover three to six months worth of expenses. For many people, though, this sounds better in…
Sponsor spotlight: Important moves to consider when interest rates change
A domino effect occurs each time the Federal Reserve changes interest rates. An increase leads to higher rates for consumers when they borrow, while paving the way to better returns…
Sponsor spotlight: Heather Krause named to Forbes Top Women Wealth Advisors Best-In-State list.
Heather Krause, AIF Managing Director – Branch Director Senior Portfolio Manager – Portfolio Focus RBC Wealth Management is pleased to announce Heather Krause was named to the Forbes Top Women…
Sponsor spotlight: Keep track of home improvements to avoid a tax surprise
One of the more popular provisions in the tax code is the $250,000 capital gain exclusion ($500,000 for a married couple) of any profit made when selling your home. As…
Sponsor spotlight: Password madness — tips to keep your growing list under control
When it comes to keeping your online accounts safe, strong passwords that nobody can guess are an essential tool. Many struggle, though, with password fatigue because you need to have…
Sponsor spotlight: Financial freedom — a gift to your family
Here’s a sobering statistic: 72% of retirees say one of their biggest fears is becoming a burden on their families, according to a study by Edward Jones and the consulting…
Sponsor spotlight: Annual tax quiz — is it taxable?
The IRS seems to always have a surprise up its sleeve for the unsuspecting taxpayer. Here’s a fun True or False quiz to test your knowledge of what’s taxable. Enjoy!…
Sponsor spotlight: Give your personal brand a boost
The idea of building a personal brand might seem intimidating, but the benefits can be career altering. Not only does your brand promote you to the entire market, it solidifies…
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Hazel Miller Foundation awards nearly $400,000 to area nonprofits during first 2024 grant cycle
In its first grant cycle of the year, the Hazel Miller Foundation awarded $365,375 to 18 organizations making a positive impact across south Snohomish County. From Girls on the Run…
Sponsor spotlight: Avoid a penalty and tax surprise when withdrawing from retirement accounts
Retirement accounts that provide tax breaks have very specific rules that must be followed if you want to enjoy the financial rewards of those tax breaks. One of these rules…
Sponsor spotlight: Moves to improve your credit score
While your credit score is a three-digit number that’s automatically assigned to you, this is one area of your financial life where you have quite a bit of control. The…
Sponsor spotlight: Krause & Thorpe recognized as 2024 Forbes Best-In-State Wealth Management Team
RBC Wealth Management announced that Krause & Thorpe Wealth Management Team was named to the Forbes Best-In-State Wealth Management Teams list in the U.S. This award was announced in January…
Sponsor spotlight: Yes — you owe tax on that
If something of value changes hands, you can bet the IRS considers a way to tax it. Here are six taxable items that might surprise you: Surprise #1: Hidden treasure. In…
Sponsor spotlight: When should you take Social Security?
One of your important sources of retirement income will likely be Social Security — but when should you start taking it? You can start collecting Social Security benefits at 62,…
Sponsor spotlight: Small business alert — new federal reporting requirement
Beginning in 2024, many small businesses will have to report information about their owners to the Financial Crimes Enforcement Network (commonly referred to as FinCEN), a bureau of the U.S….
Sponsor spotlight: IRS identity theft season begins now
Each year, thieves try to steal billions in federal withholdings by stealing your identity. As the IRS focuses more attention on this quickly growing problem, now is the time of…
Sponsor spotlight: The paycheck tax tip — a great place to lower your taxes
The tax code has plenty of ways to reduce your taxable income, and many take place on your paycheck. If you haven’t already done so, now is a great time…
Sponsor spotlight: Treasury bonds — still safe for investors
You may have read reports about an impending “debt crisis” in the U.S. Should you be worried about investing in Treasury securities? Part of the concern over debt has been…
Sponsor spotlight: Selling property to family creates tax complications
Selling property to a family member or loved one is deemed a related party transaction by the IRS. If contemplating a transaction like this, you need to review the tax…
Sponsor Spotlight: Heather Krause named new branch director of RBC Wealth Management Edmonds office
RBC Wealth Management Edmonds office will be hosting an open house on Wednesday, March 13, 2024, from 1-3 p.m. for the local community to meet Heather Krause and the other…
Sponsor spotlight: New 1099-K requirements delayed — many will be impacted
In the fourth move in three years, the IRS in late November 2023 changed the reporting requirements for Form 1099-K. So why should you care? Well, pay attention if you’ve…
Free tax-prep help available across Washington
Free tax-filing assistance is available once again in Washington state starting Thursday. The AARP Foundation’s Tax-Aide program is available to everyone regardless of age or income level, according to a…
Sponsor spotlight: Plan your 2024 retirement contributions
As part of your planning for the new year, now is the time to review funding your retirement accounts in 2024. Recent cost-of-living calculations means much higher contribution limits for…