Flood Insurance Reform: Where are we now?

With the deadline for enrollment into the health care marketplace finally behind us, those in the insurance industry may shift our focus to more controversial legislation. The National Flood Insurance Program (NFIP) was set to see drastic changes due to the Biggert-Waters Act of 2012. Although the law was already being enforced, both the House and Senate were pushing separate bills to amend the law as recently as last month. The House bill was seeking to limit the rate increases to be more gradual with a maximum increase of 15% per year. The Senate bill would have delayed all rate hikes until September 30, 2017. The result of the House and Senate bills was a new law called Flood Insurance Homeowner Affordability Act (FIHAA). This new act was signed into law on March 21, 2014 and amended some of the Biggert-Waters Act of 2012.


Tips on Deducting Charitable Contributions

If you are looking for a tax deduction, giving to charity can be a ‘win-win’ situation. It’s good for them and good for you. Here are eight things you should know about deducting your gifts to charity:


Protecting Your Digital Assets After You’re Gone


You’ve created a will, written an advance health-care directive and selected an executor for your estate. You’ve let your loved ones know your wishes in terms of finances and end-of-life care, but have you thought about what happens to your Facebook page or your iTunes collection after you’re gone?


Tips for Self-Employed Taxpayers

If you are an independent contractor or run your own business, there are a few basic things to know when it comes to your federal tax return. Here are a few tips you should know about income from self-employment:


Itemizing vs. Standard Deduction: Six Tips to Help You Choose

When you file your tax return, you usually have a choice whether to itemize deductions or take the standard deduction. Before you choose, it’s a good idea to figure your deductions using both methods. Then choose the one that allows you to pay the lower amount of tax. The one that results in the higher deduction amount often gives you the most benefit.


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