FAQs AND RESOURCES

FREQUENTLY ASKED QUESTIONS

1.What Is Be Secure Financially?

 

Be Secure Financially is a website and blog dedicated to budgeting, taxes, managing debt, credit cards and travel. 

Be Secure Financially was founded by Izzy Husarsky, a CPA with 15 years experience at some of the world's largest accounting firms, who has a simple goal: to help you gain control of your finances. This website offers tips, tricks and information on how to get out of debt, easily create a budget, find great travel and other deals, use credit cards to get free travel, and more. So, come along this journey as we help you live the life you have always wanted: own your life, by owning your finances.

2.If You Aren't Selling Your CPA/Accounting Services, How Does Be Secure Financially Make Money?

 

Be Secure Financially is a website and blog that offers insights and information to help you take control of your personal finances. Be Secure Financially was founded by Israel Husarksy, an expert CPA. While he is not currently selling his services online or accepting new clients, he created Be Secure Financially to provide useful expert information that can help people save money. The content on this website is intended for informational purposes and not intended to provide recommendations on services or products to buy. However, Izzy realized that many people sometimes simply want an expert opinion on a topic. So, if you do have a personal financial question, Izzy is available to readers/subscribers of this website via Ask IzzyAs a website and blog, Be Secure Financially makes money via advertising, affiliate links and sponsorships/partnerships.

 

3. Can I Really Do My Taxes On My Own?

 

  • Yes!

  • Only you know your full tax situation. So, the more informed of how taxes work the more you will save.

 

  • A good accountant is very expensive and the cheaper quicker shops simply take what information you give them and spit out a return – There are Credits and deductions missed out on.

 

  • A basic return – W-2, Some Interest/Dividends/Capital Gains, a Mortgage, and some various deductions, like Charity, State and Local taxes, Child Tax credits as well as some other Credits is straight forward to do, if one takes the necessary time to initially learn. Once they are done the first time – year over year it gets much easier.

 

4. How Does The Credit/Deduction Work For Child Care?

 

  • Expenses for child care when working can earn you a credit

 

  • Expenses for 1 child up to $3,000 or 2 children up 2 $6,000

  • The amount does not have to be even – it can be $4,000 for one child and $2,000 for another.

 

  • The credit is 20% of the expense – so the largest amount of a credit is $600 or $1,200

 

  • For Example – If one worked and sent 2 children to nursery for a total of $4,800 for the year, the credit would be $960 which goes against your taxes (not a deduction, rather a dollar-for-dollar credit) for the current year

 

5. What Tax Benefits/Savings Are There on Using 529 Plans For College Savings?

 

  • All income that contributions generate will grow tax deferred (no tax on current interest, dividends, and capital gains) and when distributed to be used for school the growth will be tax free

 

  • Some states allow for the contribution amount to be deductible on the taxpayers Return. For Example NYS allows up to $10,000for a married couple to be deducted. If you lived in NYC and had a combined NYS/NYC rate of 10% then you would save $1,000

  • Although, the limit is quite large up to $380,000 – typically the most a taxpayer would put in is $14,000 per year – if married up to $28,000 so as not to generate gift tax issues.

USEFUL

RESOURCES

We have the know-how you need.

 

Useful websites, recommended products and more

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What Are Some Of My Favorite Personal Financial Websites, Products, and More?

Check out some of these below to help you take control of your finances!

WEBSITES & PRODUCTS

PERSONAL FINANCES

Personal Finances Websites and Products

Manage your money and track your credit score with Mint. Mint is one place to manage all your finances with ease and one simple and organized place for your bills. Track all your bills on the go in Mint—from credit cards to utilities and more. It’s all in one place and easy to manage. Create budgets, pay bills and track your credit score.

Quicken is a personal financial management tool. From staying on top of spending to creating a budget, Quicken helps you take complete control over your finances.

Need help with tax preparation? H&R Block offers a wide range of tax preparation services to help you get your maximum refund. tax preparation company that offers all the tax services you need. We also offer all the filing options you want. You can file your taxes at home. You can file your taxes at home with an online Tax Pro. Or you can visit an office. Now you have more ways to get your maximum tax refund.

TurboTax® is the #1 best-selling tax preparation software to file taxes online. Easily file federal and state income tax returns with 100% accuracy.

TaxAct is a great resource for taxes. Check out the Free Tax Tools & Calculators from TaxAct here:

https://www.taxact.com/tax-information/tax-tools-and-calculators

LifeLock identity theft protection monitors your personal information for a wide range of identity threats. 

Charles Schwab offers a wide range of investment advice, products & services, including brokerage & retirement accounts, ETFs, online trading & more.

Fidelity Investments offers Financial Planning and Advice, Retirement Plans, Wealth Management Services, Trading and Brokerage services, and a wide range of products and services.

TO SAVE MONEY

RIDE-SHARE

Ride-Share To Save Money

Uber is a peer-to-peer ridesharing, taxi cab, food delivery, and transportation network company. Get a ride in minutes. Or become a driver-partner and earn money on your schedule. 

Lyft is an on-demand transportation company. Whether you're looking to save money on your transportation or make additional money, Lyft is a good option.

EARN MONEY

CASH BACK & REWARDS WEBSITES

Cash Back & Rewards Websites

Get up to 40% Cash Back at over 2,500 stores. No points. No fees. No forms. Stores pay Ebates a commission for sending you their way, and Ebates shares the commission with you as Cash Back.

Plastiq is a bill pay service for savvy consumers and businesses seeking an edge. By allowing you to use a credit card for virtually any expense, even ones like rent or key supplies that normally require a check, Plastiq makes it possible to earn credit card rewards, tap early-payment discounts, and use your cash flow in the way that makes most sense to you.

TopCashback's fundamental aim is to save American and Canadian consumers money on all their online shopping. They're the cashback site that gives ALL of the store's commission rate back to you and don't charge our members any fees either.

USEFUL PERSONAL FINANCE

BOOKS

Books

The bestselling Personal Finance For Dummies has helped countless readers budget

their funds successfully, rein in debt, and build a strong foundation for the future. 

SUBSCRIBE TO BE SECURE FINANCIALLY

New York, NY |

izzy@besecurefinancially.com |

Disclaimer: The content on this site is provided for information and discussion purposes only. It is not intended to be professional financial advice and should not be the sole basis for your investment, financial or tax planning decisions. Under no circumstances does this information represent a recommendation to buy or sell securities, or any other products, or services. Please note that some of the links on this website are affiliate links, and at no additional cost to you, Be Secure Financially will earn a commission if you decide to make a purchase after clicking through the link. Be Secure Financially recommends products/companies on this website/blog because they are useful and helpful to consumers looking to take control of their finances. All content and information is subject to change at anytime.

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