Co-parenting while traveling with Massachusetts children can present unique challenges, but with careful planning and effective communication, it can also be an opportunity to create lasting memories for both parents and children. These tips for co-parenting and...
Month: June 2024
Why Massachusetts Children Should Participate in Extracurricular Activities
The old adage “all work and no play makes Jack a dull boy” still holds true even today. Playtime and extracurricular activities help contribute to a Massachusetts child’s overall development. If we want to raise successful children, it’s important to acknowledge that...
How Massachusetts Parents Influence Their Children’s Lives
Children are the by-products of Massachusetts parents. One of the most influential relationships on children’s growth and development is the one between parents and children. Recognizing the critical importance of early parent-child relationship quality for children’s...
How Expensive Is Child Care In Massachusetts?
The new report found that on average Massachusetts families spent more a year paying for daycare than for rent or on their mortgage. “Child Care Aware of America” looked at the average price two-parent households paid for daycare for their infant and 4-year-olds. The...
IRS Tax Tip: Hobby or Business – What Massachusetts Residents Need to Know If They Have a Side Hustle
Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation. Whether someone is having fun with a hobby or running a...
IRS Tax Tip: Summer Activities That Could Affect Massachusetts Parents Tax Return Next Year
While summer is a time for fun, it’s never the wrong time to thinking about taxes – and some of those summer activities could have an impact. Here are a few summertime activities and tips on how Massachusetts taxpayers should consider them for filing season. Marriage...
How Long To Keep Your Federal and Massachusetts Tax Records
Let’s go in descending order for how long you should keep your Federal and Massachusetts Tax Records: Forever : If you never filed a return, or if you filed a fraudulent return (neither of which is recommended) 7 years : If you file a claim for a loss from worthless...
IRS Tax Tip: Massachusetts Newlyweds Tax Checklist
Summer wedding season has arrived, and newlyweds can make their tax filing easier by doing a few things now. A taxpayer's marital status as of December 31 determines their tax filing options for the entire year, but that's not all newlyweds need to know. Report a name...
Here’s How Much Massachusetts Residents Have Saved for Retirement at Every Age
Discover the truth about retirement savings at every age. Are you ahead or lagging behind? How do your retirement savings compare to those of your peers? Thanks to the Federal Reserve, you can now find out. The Federal Reserve has records dating back to the late 1980s...
Massachusetts Safest State to Raise a Family
New Mexico is the most dangerous state to raise a family, data shows. Findings based on FBI crime data shows New Mexico has the highest violent crime rate in the US. It also has the second-highest homicide rate of 12 per 100,000 people and is the third worst state for...