Sponsor spotlight: Cash in on 0% capital gains tax rate

While the maximum capital gain tax rate can be as high as 23.8%, most taxpayers pay 15%. But there is the possibility to have your capital gains go tax-free — 0%. In fact, this tax break has been around for more than a decade and comes into play more often than you may think. Here…

Sponsor spotlight:  What is CBD?

I’m sure you’ve heard about CBD lately, and you’ve probably heard wildly exaggerated claims of how this miracle substance will cure all of your ills.  Unfortunately, there is a lot of misinformation out there as well as products that essentially contain no actual CBD. Edmonds-based shop, Seaweed CBD is out to change all of that. …

Sponsor spotlight: Last-minute tax-saving ideas

Here are five tax-saving ideas that can be used by most taxpayers. But act soon — there’s not much time left until our tax year comes to an end. 1 Make late-year charitable donations. Consider making donations with appreciated stock you have owned over one year. You can typically receive the higher-value donation without paying capital…

Sponsor spotlight: Charity donation basics to ensure a tax deduction

Donating to charity not only helps others, it can reduce your tax bill — but only if the charity qualifies as a tax-exempt organization. Checking for qualified status If you plan on itemizing your deductions on your tax return, make sure the organization you’re donating to is designated by the IRS as a 501(c)(3) organization…

Sponsor spotlight: Sola Salons Studios now open in Lynnwood

Sola Salon Studios (Sola) has opened a new studio space for salon professionals in Lynnwood’s Alderwood Plaza Shopping Center. Since its inception in 2004, Sola has grown to more than 500 locations nationwide. Today, more than 14,000 salon professionals operate their businesses inside Sola Salons. The new salon is located near the Alderwood Mall at…

Sponsor spotlight: Enjoy a festive meal at Caravan Kabob

Ready for a holiday filled with more ease and a little spice? There’s no need to drive to Seattle to enjoy a festive meal. Instead saunter in to Caravan Kabob at Firdale Village in Edmonds. The inviting restaurant is a perfect stop after a day of shopping or running errands. Pop in and be pampered…

Sponsor spotlight: 2020 Social Security changes announced

The Social Security Administration announced a 1.6% boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2020. The increase is based on the rise in the Consumer Price Index over the past 12 months ending in September 2019. For those still contributing to Social Security through wages, the potential maximum income subject…

Sponsor spotlight: How to receive copies of fraudulent tax returns

Tax identification theft is becoming all too common. Victims know how frustrating the experience can be. Thankfully, the IRS is willing to help. The frustration If you are a victim of IRS identity theft, your first instinct is to find out what was filed and who filed it. In the past, most requests by victims…

Sola Salon Studios opening in Lynnwood, seeking salon professionals

We are pleased to welcome as a new advertiser Sola Salon Studios (Sola), which is opening a new studio space in Lynnwood, in the Alderwood Plaza Shopping Center. Since its inception in 2004, Sola has grown to more than 500 locations nationwide. Today, more than 14,000 salon professionals operate successful businesses inside Sola Salons. The…

Sponsor spotlight: A smarter college housing option

Does your child, grandchild, or someone else you know need a place to live while attending college? Instead of renting a dorm or apartment, buying a condo or small house might make more sense. This can save money and provide tax breaks, but you need to do the math and be aware of the risks….

Sponsor spotlight: The marriage penalty is alive and well

Despite what you may think, the marriage penalty is still alive and well. Whether you’re changing your filing status in 2019 because of marriage, divorce or another event (or it’s staying the same), you should review this information and plan accordingly. What is the marriage penalty? The marriage penalty occurs when the dollar ranges for…

Welcome to our new advertiser: personal trainer Darian Coleman of D2I Fitness

Welcome to our new advertiser, Certified Personal Trainer Darian Coleman of D2I Fitness. We’ll let her tell you a bit about what she does best. Her motto is “Dare 2 Inspire Fitness.” Hello, I’m Dare, your local Certified Personal Trainer and owner of D2I Fitness, LLC. I specialize in strength and conditioning, fat loss and…

Sponsor spotlight: Municipal bonds — an investment with tax breaks

Everybody likes getting something for free, and taxes are no different. Investing in securities like municipal bonds (munis) or municipal bond funds generates tax-free interest income. Here is what you need to know. Advantages of municipal bonds You pay zero federal tax on municipal bond investment income. This makes municipal bonds more attractive than many…

Sponsor spotlight: Leveraging gift rules to your advantage

As you or family members approach retirement years, it is important to have a basic understanding of the IRS gift giving rules. With this understanding, there are opportunities to leverage this tax law without creating a tax problem. The rules You may give up to $15,000 to any individual (donee) in 2019 and avoid any…

Welcome to new advertiser Laura’s Alteration

Meet our new advertiser Laura Wang, the proud owner of Laura’s Alterations at Alderwood Mall. In 2008, she opened her first location in Bellingham and since she’s expanded to six locations across Western Washington. For more than a decade, she and her employees have proudly served tens of thousands of people from the communities of…

Sponsor spotlight: The latest fashion looks for fall

Fall is here! Not only does this signal cooler weather and pumpkin season, but it also means we need prepare for updating fall fashion trends. Every season during Fashion Week, new collections of fashion designers give us inspiration on what to wear in the following season. For fall/winter 2019, the runway shows present gorgeous new…

Sponsor Spotlight: How to Maintain Your Lifestyle in Retirement

You may have heard the rule of thumb that you need to replace about 80% of your preretirement income if you want to maintain your current lifestyle when you retire. But like many rules of thumb, that advice is much too general for most people, says Herbert Poole CFP® CRC®, Retirement Development Consultant for Wells…

Sponsor spotlight: 3 great charitable deduction ideas

Despite what you may have heard from friends or family, you can still claim generous tax benefits for charitable contributions. Here are three prime examples of charitable tax breaks ripe for the picking if you know where to look: Qualified charitable distributions. If you’re age 70½ or older, you can transfer up to $100,000 (or a…

Sponsor spotlight: Lice Spies earns Breastfeeding Friendly Workplace award

As part of National Breastfeeding Month, the Breastfeeding Coalition of Snohomish County recognized Lice Spies of Edmonds as a Breastfeeding Friendly Employer in Snohomish County. Last spring, the Breastfeeding Coalition of Snohomish County conducted a survey asking employees throughout Snohomish County how their employer supports continued breastfeeding.  Kristina Hawley, who works at Lice Spies as…