What We Write
Donate Appreciated Stock for Twice the Tax Benefits
A tried-and-true year end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies,[...]
Could “Bunching” Medical Expenses into 2018 Save You Tax?
Some of your medical expenses may be tax deductible, but only if you itemize deductions and have enough expenses to[...]
The Tax Consequences of Making Gifts to Loved Ones
Many people choose to pass assets to the next generation during life, whether to reduce the size of their taxable[...]
529 Plans Offer Two Tax-advantaged Education Funding Options
Section 529 plans are a popular education-funding tool because of tax and other benefits. Two types are available: 1) prepaid[...]
Charitable IRA Rollovers May be Especially Beneficial in 2018
If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA[...]
Tax Planning for Investments Gets More Complicated
For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess[...]
Tax Deduction Ins and Outs of Donating Artwork to Charity
If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a[...]
Saving Tax if Your Vacation Home Qualifies as a Rental Property
Do you own a vacation home? If you both rent it out and use it personally, you might save tax[...]
Do You Need to Make an Estimated Tax Payment by September 17?
To avoid interest and penalties, you must make sufficient federal income tax payments long before your April filing deadline through[...]
The TCJA Prohibits Undoing 2018 Roth IRA Conversions, But What About 2017?
Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free withdrawals in retirement. But what if[...]
Do You Still Need to Worry About the Alternative Minimum Tax (AMT)?
There was talk of repealing the individual alternative minimum tax (AMT) as part of last year’s tax reform legislation. A[...]
Parents: Why the “Kiddie Tax” is More Dangerous Than Ever
Once upon a time, some parents and grandparents would attempt to save tax by putting investments in the names of[...]
The Tax Advantages of Investing in Qualified Small Business (QSB) Stock
While the Tax Cuts and Jobs Act (TCJA) reduced most ordinary-income tax rates for individuals, it didn’t change long-term capital[...]
Saving Tax on Restricted Stock Awards with the Sec. 83(b) Election
Today many employees receive stock-based compensation from their employer as part of their compensation and benefits package. The tax consequences[...]
Sending Your Kids to Day Camp May Provide a Tax Break
When school lets out, kids participate in a wide variety of summer activities. If one of the activities your child[...]
Haven’t Filed Your 2017 Income Tax Return Yet? Beware of These Pitfalls!
The federal income tax filing deadline is slightly later than usual this year — April 17 — but it’s now[...]
You Still Have Time to Make 2017 IRA Contributions
Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free.[...]
Can You Claim Your Elderly Parent as a Dependent on your Tax Return?
Perhaps. It depends on several factors, such as your parent’s income and how much financial support you provided. If you[...]
Small Business Versus Hobby: Important to Know What’s Deductible
Hobby expenses are no longer deductible under the new tax laws.
Casualty Losses Can Provide a 2017 Deduction, But Rules Tighten for 2018
If you suffered damage to your home or personal property last year, you may be able to deduct these “casualty”[...]
The New World of Deductions: What Everyone Needs to Know
How will the new itemized deduction tax changes impact you? Learn how itemized deductions will change in 2018 with the passage of new tax legislation.
Charitable Deductions: The Size Depends on Many Factors
Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how[...]
5 Tips for Non Cash Charitable Contributions VIDEO
Feeling confused about what to do when confronting the new tax laws? Here's a great place to start.
Families with College Students May Save Tax on Their 2017 Returns
Whether you had a child in college (or graduate school) last year or were a student yourself, you may be[...]
The Tax Cuts and Jobs Act Temporarily Lowers Medical Expense Deduction Threshold
With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than[...]
Tax Cuts and Jobs Act: What You Need to Do Now VIDEO
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