News

Friday February 12, 2016

Exciting events are happening at Cornerstone University
Our News
Thank you for your interest in Cornerstone University. Our hope is to serve you and your family with helpful information.
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Financial Paperwork: What to Keep, What to Toss
Savvy Living
How long should a person hang on to old receipts, stock records, tax returns and other financial documents? I have...
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IRS Tax Tips for 2015 Returns
Washington News
In FS-2016-8 the IRS outlined seven tax tips helpful for filing your 2015 tax return. There are many new provisions and changes that may affect your tax return. 1. Timing – Because April 15 is Emancipation Day in Washington, the normal deadline for most taxpayers is Monday, April 18. However, due to Patriots’ Holiday in Maine and Massachusetts, residents of those states may file until Tuesday, April 19. 2. Tax Benefits – The Protecting Americans from Tax Hikes (PATH) Act passed in December of 2015. It extended and made permanent a number of tax benefits. If you itemize deductions, you may deduct your state and local sales taxes rather than state and local income taxes. Nonbusiness energy property such as energy-efficient windows, doors, furnaces and other improvements may qualify for credits by using Form 5695. Elementary and secondary teachers who pay for classroom expenses may take an “above the line” deduction. Some tuition and fees may be deducted using Form 8917. Finally, IRA owners over age...
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Life Insurance - Costs and Benefits
Personal Planner
Let's look at the "top five" reasons people give for not owning life insurance. 1. Too Expensive. "I just cannot afford...
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