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In tax lingo, your principal residence is the place where you legally reside. It's typically the place where you spend most of your time, but several other factors are also relevant in determining your principal residence.
A gift to charity is simply a gratuitous transfer of property to a charitable organization. The key is that your gift must be some kind of property--your time or personal services do not count.
Spring is a time for fresh starts and, for some, a new home. Before you head out to open houses, your first question should be: Should I own a home at this time? Your second: Or should I remain a renter?
529 savings plans are tax-advantaged education savings vehicles and one of the most popular ways to save for college today. They can also be used to save for K-12 tuition. Much like the way 401(k) plans changed the world of retirement savings a few decades ago, 529 savings plans have changed the world of education savings.
I am a Certified Sommelier holding a Level 3 Award in Wines with the Wine and Spirts Education Trust (WSET). My love for wine began as a little kid crushing grapes with my Nonna in her backyard. I wanted to carry my passion for food, wine, and hospitality to a professional level and attended Johnson & Wales University located in Providence RI.
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