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Adopting a child? Tax benefits can help defray the cost
January / February 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 967
Abstract: The process of adopting a child is expensive. Although expenses are minimal for adoptions through the foster system, the cost of adopting a child through a private agency averages around $43,000 in the United States. Fortunately, there are tax benefits that can help offset some of the costs. This article details a tax credit for qualified adoption expense and an income exclusion for employer-provided adoption assistance. A sidebar explains the rules for adopting a child with special needs.
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Know your worth – Valuation insights can be priceless
May / June 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 967
Abstract: Many construction company owners underestimate the value of their business. This is partly because the valuation process itself is often shrouded in mystery. This article takes a detailed look at one approach to appraising a construction company — using five years’ worth of financial data to project future cash inflows. A sidebar urges contractors to practice discretion when undergoing a valuation.
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Social Security: When’s the right time to start?
Year End 2010
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 967
Abstract: Many people elect to begin receiving Social Security benefits as soon as they’re eligible, but that’s not always the best choice. There’s no magic formula for deciding when to begin receiving Social Security benefits, but this article discusses a few factors to consider — such as expected lifespan, when or if one retires, and tax considerations. A chart shows when the standard retirement age begins (depending on one’s year of birth) and the percentage of the standard benefit one will receive if collecting benefits before or after that age.