Savings Corner

DECEMBER 24, 2023

There are seven federal income tax rates in 2023 and 2024: 10%, 12%, 22%, 24%, 32%, 35% and 37%. federal tax rates will remain the same until 2025 as a result of the Tax Cuts and Jobs Act of 2017, but the income thresholds that inform the tax brackets are generally adjusted each year to reflect the rate of inflation [0].

Taxes 52

Taxes 2017 Bills 2018 52

Family Balance Sheet

MARCH 15, 2017

There are three major tax savings: the money contributed into the account is tax deductible, it grows tax free, and certain withdrawals are tax free if they are for qualified medical expenses. Enter 2012: We had no idea how we were going to be affected when the Affordable Care Act was passed in 2012.

Health Insurance 100

Health Insurance Insurance Health 2003 100

Family Balance Sheet

MAY 6, 2020

Our small business was going well, so we said so long to renting office space and purchased a commercial property in the summer of 2012. Also to top it off, I had a huge property tax due that month for our office building that was going to be difficult to pay for in light of the circumstances. Yep, life was good.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

JUNE 22, 2020

How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. We have thought about moving to a larger home with more space, but a smaller home means lower utility bills, homeowners’ insurance premiums, maintenance, and property taxes.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Couponing 101

JANUARY 5, 2012

Entire value of purchase must be at least $22 to use voucher, tax and shipping not included. Paid value expires on January 5, 2017. Promotional value ends on December 29, 2012. Limit 1 voucher per transaction. Not valid at retail stores. Entire value must be used in a single visit.

Dog Treats 70

Dog Treats Craft Supplies Craft Supply Re-use 70