Taxes

One of the most controversial changes that was part of the Tax Cut and Jobs Act of 2017 passed last December was concerning the deduction of state and local income taxes, more commonly known as SALT. Prior to the December change, taxpayers were able to deduct from their federal taxes all

In light of the recent Tax Cuts and Jobs Act, I wanted to send a quick, easy-to-follow reference card with the new tax brackets and other numbers that investors need on taxes, Social Security, healthcare, Medicare, retirement, college planning and more. The guide presents these numbers in simple

While there's tons of information out there on money and taxes, it can be somewhat confusing and time-consuming to find what you need as you organize and plan your personal finances. Below is a link to a 2017 Key Financial Data reference card, which offers fingertip access to this year's numbers on

Your tax filing status has a major impact on what you'll pay in taxes for the year. There are five official filing statuses, and the one you pick determines whether you can take certain tax deductions or exemptions that could lower your final tax bill. Single - This applies to never-married,

February marks the beginning of the rush to get taxes done by April 15th.  I wanted to dedicate this issue to providing information about how to maximize your annual tax preparation experience.  You’ll find articles on: Questions to ask your CPA when you meet to discuss the preparation of your

One year-end strategy to lower your tax requirement is tax loss harvesting. Tax Loss harvesting involves selling securities at a loss to offset a capital gains tax liability. The goal is not to own investments that go down in value, but Tax loss harvesting can be used to limit the recognition of

In last month's newsletter one of the articles contained questions that you should ask your CPA as you are getting your taxes done. Now that tax day has come and most of us have filed our taxes and it's a good idea to look at your return carefully as it can yield a lot of intelligence about your

Every quarter, I like to send a reminder postcard of all the key financial deadlines heading our way over the next three months.  Of course, we all know about the April 15th tax deadline, but there are a number of other drop-dead dates that you’ll see on the postcard. You can access your postcard