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Tip of the Day Don't try to Pick Stocks

Don't try to Pick Stocks - Some of us when we have extra money think that we can invest it in the stock market and earn some returns on...

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Be Aware of Other Deductions

Be Aware of Other Deductions - As part of filing your income tax you need to educate yourself as far as what deductions are allowable. Each year the government changes deductions amounts and/or adds or deletes deductions you are allowed to claim and unbelievably, it is your responsibility to find out or know what they are. So, before filing your taxes and missing out on any great deductions take a few minutes to visit the governments website and read about the changes. You might be happy you did when you receive a return instead of having to pay.

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Definition of the Day Real Estate Investment Trust (REIT)

Definition: A security that trades as a stock on the stock exchange, but invests in real estate and/or mortgages. TeenAnalyst Advice: REIT's are special trusts that receive tax advantages from the government.  They're obligated to pay out 90% or more of their earnings to investors in the form of dividends so...

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