Knaub & Company, P.C.

certified public accountants

PO Box 161030, Big Sky, MT 59716

Phone: 406-995-6040

Fax: 406-993-2772

Email: knaubco@3rivers.net

December 2017

Short Bits

Article Image

And you thought only Millennials were job-hoppers?


Say hello to Baby Boomers. Individuals born from 1957 to 1964 held an average of 11.9 jobs from ages 18 to 50, according to the Department of Labor’s Bureau of Labor Statistics (BLS). On average, men born during this time held 12.1 jobs and women held 11.6 jobs. Boomers held 4.5 jobs from ages 25 to 34, but just 1.7 jobs from ages 45 to 50.


Women are making up more of the workforce.


In 2000, there were 66.3 million women in the labor force, or 46.5%. By 2015, 73.5 million women comprised 46.8% of the overall labor force. According to BLS projections, the number of women in the labor force will increase to 77.2 million in 2024 for a 47.2% share.


Americans Owe a Record Amount of Student Debt.


The Consumer Financial Protection Bureau found that the percentage of borrowers with $20,000 or more in student debt doubled over the last decade. In response, some employers have begun offering student loan repayment benefits to employees. The study shows that in 2014, more than 40% of student loan borrowers left school owing $20,000 or more.


Don’t Gamble on Excluding Gambling Winnings.


Whether you’re in the office football pool or in a casino, the IRS wants you to report all your winnings. Don’t try to declare only a gambling loss, though. You can deduct losses only up to the amount of your winnings if you itemize, but at least they aren’t required to exceed 2% of AGI as needed for miscellaneous itemized deductions.


SUBSCRIBE

Enter your Name and Email address to get
the newsletter delivered to your inbox every month.


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.