Ines Zemelman

If you have a child – or one on the way – a new federal savings program launching July 5, 2026, deserves your attention. The government deposits $1,000 into a dedicated savings account opened in your child's name, and families build on that over 18 years of tax-deferred growth. It's a straightforward concept – but there&...

Trump Accounts are a brand-new type of tax-advantaged savings account for children under age 18, created under the One Big Beautiful Bill Act signed into law on July 4, 2025. Think of them as "starter IRAs" designed to give American children a head s...

Trump Accounts represent one of the most significant changes to family tax planning in decades. These government-backed savings accounts combine elements of traditional retirement accounts with unique rules designed to build long-term wealth for the next generation. If you're wondering how to open a Trump account for your newborn or how...

IRS Form 1099-A is a notice from your lender that they took back your property (like a home or car) through foreclosure or repossession, or that they believe you abandoned it. It shows the date this happened, how much you still owed, and the property’s estimated value - information you may need to figure out any tax gain or loss. ...

When you go through a divorce, you and your ex-spouse will need to come up with an agreement to fairly divide your assets. Since marriage is really a financial partnership, the divorce should ideally split everything in half. A big part of this process could be to decide on alimony payments. If you’ve agreed on alimo...

When a lender cancels or forgives your debt, it might feel like financial relief – until you receive Form 1099-C in the mail. At this point, you may have several questions: Do I have to pay taxes on canceled debt? Where do I report Form 1099-C on my tax return? Are there ways to a...