Tammie's Take~

Sharing The Best/Worst Of My World and Pittsburgh, Too

You are here: Home / Home

Winner’s Choice of Teepee Joy Set Giveaway!{ends 8/24|

Reviews · 

Sponsored By: Teepee Joy

Hosted By: Love, Mrs. Mommy

Winner Will Receive:

A Pre-Designed Teepee Joy set of your choice!

Includes teepee, mat, and 4-pillow set! A $306 – $316 RV Giveaway!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Be sure to check out Love, Mrs. Mommy’s full review of Teepee Joy! Fun pictures included!

Exclusive coupon code for Love, Mrs. Mommy readers for 10% off your purchase! Just use “LMM10OFF” at checkout! Happy shopping!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


 

Open To US entries and must be 18+ to enter

Giveaway Dates ~ 7/27 9:00 AM EST through 8/24 11:59PM EST

Disclosure: Love, Mrs. Mommy and all participating bloggers are not held responsible for sponsors who do not fulfill their prize obligations. This giveaway is in no way endorsed or sponsored by Facebook or any other social media site. The winner will be randomly drawn by Giveaway Tools and will be notified by email. Winner has 48 hours to reply before a replacement winner will be drawn. If you would like to participate in an event like this please contact LoveMrsMommy (at) gmail (dot) com.

What You Need to Know About Taxes on Precious Metals

Reviews · 

If you’re new to buying precious metals then you may be wondering what your tax situation is when it comes to selling the bullion for a profit.
There are individual state tax laws, as well as federal laws to abide by. This means that you need to talk to your accountant or a tax advisor once you’ve bought your gold bars from this website.

The IRS treats precious metals as capital assets
As a result of this, gold, silver, platinum and palladium may attract capital gains when they’re sold at a profit. The IRS also views precious metals as a collectible, so they can have tax levied on their profits up to the maximum of the 28% capital gains tax (CGT).
The taxes aren’t calculated and applied until the metal is actually sold, because the capital gain hasn’t been realized until then. So, say you buy 10 ounces of gold at $1,100 per ounce and place it in a depository for several years. While it’s in storage it appreciates in value to $1,300 per ounce. You decide to sell it at this price, which realizes (as in, makes real) the capital gain of $2,000.

Do I owe tax on this $2,000 profit?
You need to calculate the original cost of the metals, which in this case was $11,000, and then the selling price, which was $13,000. This makes you a profit of $2,000. Your federal tax bracket will determine whether you owe tax on some or all of this profit, which is why you need to speak to an advisor. There are also several special conditions that you need to factor in.
If you’ve inherited the metal things may change
If you’ve inherited the metals then a different calculation method is used to work out the cost basis – the cost basis in this case is the market value of the metal on the day of your benefactor’s death.

If you’ve been gifted the metals
The cost basis is calculated by the market value on the day the person giving you the metals bought them – not the day you received them. Sometimes the market value is less than the amount the person actually paid, in which case the cost basis is worked out from a fair market price from that day.
In short, though, you probably will owe tax on some or all of the profit.

What rates might I have to pay?
This depends a lot on your usual income tax rate and the length of time you’ve had the metals before selling them. You already know that the IRS sees precious metals as collectibles, so you’ll possibly have to pay the 28% CGT. It also matters whether you’ve held the metals for less or more than a year as less that a year counts as a short-term gain, which is taxed differently.

When is the tax due?
You report your capital gains from your metals in your yearly tax return and then pay any tax owed in due course.

What if I sell at a loss?
Hopefully you won’t, but if you do, then you have a capital loss, not a gain. You can offset capital gains from other sources against this loss either in the same tax year or in future tax years or you can offset it against your ordinary income (with some restrictions). Ideally, you need to speak to your tax advisor for the most up-to-date advice.

Buying the Right Travel Insurance for Your Trip

Reviews · 

Regardless of the purpose of your trip, it is always a good idea to buy travel insurance. Not doing so can work out very expensive if something should go wrong.
That happens far more than you think. According to a recent study by the US Travel Insurance Association (USTIA), nearly one in six Americans experience some sort of problem during a trip. Problems that having access to a good travel insurance policy could have helped them to solve quickly and cheaply.

Never just buy the first policy you are offered
However, it has to be the right type of insurance for you. A policy that is perfect for you could be totally unsuitable for someone else. That is why united healthcare travel insurance and policies offered by some other firms are available in a range of different configurations. These flexible policies are designed to make it easy to buy the level of cover you actually need.

Check the level of cover that is on offer
Before buying your policy, look at the amount of cover that is on offer. You need to be covered you for every eventuality. There is no point in buying a really cheap policy if it only covers you for a few thousand dollars of treatment. If you get sick with something like appendicitis that requires an operation and a hospital stay, that level of coverage is not likely to be anywhere near adequate. In some countries, just one night’s stay in a hospital could cost you $500. In that situation, you could still end up with a medical bill that is far higher than the level of cover you have bought.
Be especially careful about the amount of expatriation or repatriation coverage you buy. These costs are rising all the time. It is not unusual for evacuation to the nearest center of medical excellence to cost $25,000, or more. Repatriation to your own country is even more expensive, with bills of $50,000+ no longer being unusual. So, when you buy a policy make sure that the level of coverage is adequate for every type of coverage you need.
If you are planning to take an expensive DSLR camera with you, double check that it is properly covered. Be aware of the fact that sometimes there is a limit to how much an insurance company will pay out for each individual item.

Make sure you qualify
You need to make sure that the policy you are buying actually does cover you. For example, if you have an existing medical condition, ask yourself what impact that has on the policy you are buying. Are you still covered?

Be sure to comply with the small print

If you are taking medication or have recently visited a doctor, some policies will not cover you at all. Therefore, you need to check the small print and be sure that you are actually buying the right policy for you.
You also need to check whether you need to declare your pre-existing conditions. In some situations, if you do not do this you can end up completely invalidating your policy.

Check that the activities you are planning are covered
If you are planning to enjoy something like skiing, mountain biking or white water rafting you need to make sure you are covered. Before you buy it is always worth double-checking the small print to find out what activities are exempt.
When it comes to travel insurance, you really cannot do enough research. Making assumptions when buying it is never wise. Buying the wrong policy can easily turn out to be one of the most expensive mistakes you ever make.

 

WOpet Automatic Cat & Dog Pet Feeder Giveaway!{ Ends 8/11} @WOpetshop

giveaway, Pets · 

Welcome To Our WOpet Automatic Cat & Dog Pet Feeder Giveaway!

Deliciously Savvy is hosting a giveaway in which one lucky winner will receive a WOPET Automatic Cat & Dog Feeder! There is one lucky winner for this one, so enter today & good luck to you!

Sponsored By: WOpet

Hosted By: Deliciously Savvy

Co-Hosted By:

Forever Dreamin’ // Missy’s Views & Savings Clues // The YourDesignerDog Blog // Sweet Southern Savings // Michigan Saving And More // My Silly Little Gang // Holiday Contest and Sweeps

PLUS a Big Thank You To All Of The Amazing Blogs Promoting This Savvy Giveaway ~ You All Rock!

And Now The Sponsor & The Details:

WEBSITE ~ FACEBOOK ~ TWITTER ~ PINTEREST ~ INSTAGRAM ~ YOU TUBE ~ AMAZON

1 Lucky Winners Will Receive WOpet Automatic Cat & Dog Feeder ~ $90 RV!

Read Deliciously Savvy’s Review Here

Giveaway Dates: 7/20 12AM EST until 8/11 11:59 PM EST


Entrants must be 18 years old to enter and giveaway is open to US residents only.


This giveaway is in no way endorsed, affiliated or associated with Facebook, Twitter or any other Social Media Networking Site. This giveaway is valid only
in the United States. Entrants must be 18+ years of age to enter. This giveaway will end at 11:59 PM (EST) on 08/11/2018.


Good Luck! Enter Below


Also we all “love it if you like us” on Facebook!


Deliciously Savvy did not receive any form of compensation for this giveaway. Once winner is selected via the Rafflecopter process, the product will be shipped. Winners have 48 hours to respond or another winner will be chosen. No other blog associated with this giveaway is responsible for the product shipment. WOpet will be providing the prize above to the winner. This post does contain affiliate links. Thank You for stopping by! Any Questions or Concerns email me at mcushing7 (at) hotmail (dot) com.


If you have any questions or are a brand/company and would like to work with Deliciously Savvy please contact us here.


As Always, Thanks For Visiting Deliciously Savvy Today! Leave Some Comment Love While You Are Here!

Mistakes That Cost You Major Money When Doing Taxes

Reviews · 

If you have an individual tax identification number, you have to file taxes with the IRS if you have any sort of income. Check out these common mistakes you should avoid when doing your taxes to help save yourself some time and money.

Using the Wrong Identification Number

You’ve had your ITIN number for a while, but you may still get a few of the digits mixed around in your head. Before you send in any official documents, double and triple check that you have included the correct number. Without your ITIN, the IRS may not realize you have paid in the proper taxes. This can lead to audits and other unpleasant experiences.

Omitting Some Income

Are you one of the many taxpayers who thinks you don’t have to claim income if you don’t receive a W2 or 1099 form from the employer? If so, you may be neglecting to pay some taxes without trying to. If you were ever to get audited, you may end up getting fined for this mistake.

Messing Up Your Math

If you fill out a paper form, you have to make sure to do all of the math on your own. Even if you file online, you could still make mathematical errors by entering in a number incorrectly. Using the wrong numbers or doing the math wrong could end up costing you a lot of money down the road.

Using the Wrong Status

When you read through the tax documents, you may notice a few different status options, including the following:

Single
Married
Qualifying Widower

Using the right filing status can ensure you pay in the correct amount of taxes.

Forgetting Credits and Deductions

Credits and deductions work to reduce the amount of taxes you owe. If you forget to use one of the available deductions or credits, you may end up paying in more taxes than you really need to. It may take some time for you to figure out exactly what you are eligible for, but it’s worth it.

Filing taxes isn’t always easy. Get step-by-step help with your W7 form to ensure you start off the filing on the right foot.