by AIO | Jan 11, 2023 | Podcast, Taxes
When you are calculating the amount of tax you owe the federal government, you sum up all of your income sources and deduct either an itemized deduction amount or the standard deduction, whichever is higher. The itemized deduction amount is the sum of medical expenses... 
by AIO | Sep 6, 2022 | Investing, Podcast, Retirement Planning, Taxes
In this podcast/blog/video, I discuss financial tips for expats. You can see our video here. The State Department estimates that there are about 9 million US citizens living abroad. Mexico, Canada, Germany, Philippines, Israel, and the UK are the top six... 
by AIO | Sep 6, 2022 | Podcast, Retirement Planning, Taxes
Foreign Earned Income Exclusion You are going to be required to file US expat taxes no matter which country you live in. It is important to understand how your US tax return will be affected by your move to Mexico, and what US taxes you will be required to pay.... by AIO | Sep 12, 2020 | Retirement Planning, Taxes
Two months after the Supreme Court struck down the Defense of Marriage Act, the Treasury Department ruled that legally married same-sex couples will be treated as married for federal tax purposes. The decision has a host of implications, even for couples who now live... 
by AIO | Sep 12, 2020 | Podcast, Retirement Planning, Taxes
Finances in Divorce I, unfortunately, am very familiar with this topic. I went through a divorce about 15 years ago. It’s a difficult, emotional period for anyone involved with a divorce. See our video here. There are many financial issues when people are... by AIO | Sep 8, 2020 | Investing, Taxes
This blog describes a trick for people who have an income that is too high for them to contribute to a Roth IRA – they can still make a Roth IRA contribution. Difference between Roth and IRA Traditional IRA, you receive a tax deduction for the amount you contribute....