More Tax Saving Ideas
Saving tax with home-related deductions and exclusions. Currently, home ownership comes with many tax-saving opportunities. Consider both deductions and exclusions when you’re filing your 2016 return and tax planning for…
Elderly Parent as a Tax Deduction
When an elderly parent might qualify as your dependent It’s not uncommon for adult children to help support their aging parents. If you’re in this position, you might qualify for…
Sales Tax and Your 2016 Tax Return
Ohio taxpayers can deduct sales tax on their 2016 tax return Ohio is one of the states where taxpayers can take an itemized deduction for state and local sales taxes…
Alternate Minimum Tax Awareness: Be ready for anything
The dreaded surprise tax: What you need to know about Alternative Minimum Tax By Tony Constantine, CPA, Ciuni & Panichi, Inc. Partner, Tax AMT… those three little letters cause almost…
Three Mutual Fund Tax Hazards to Watch Out For
Tax and Your Mutual Funds Investing in mutual funds is an easy way to diversify a portfolio, which is one reason why they’re commonly found in retirement plans such as…
Tax-smart Gifting Strategies to Consider Now
More Tax Savings Ideas If your 2015 tax liability was higher than you’d hoped and you’re ready to transfer some assets to your loved ones, it’s time to get started.…
Restricted Stock Units and Your Tax Bill
Awards of RSUs can provide tax deferral opportunity Executives and other key employees are often compensated with more than just salary, fringe benefits and bonuses: They may also be awarded…
The 529 savings plan: A tax-smart way to fund college expenses
Tax Savings with a 529 Plan If you’re saving for college, consider a Section 529 plan. Although contributions aren’t deductible for federal purposes, earnings avoid income taxes if used for…
Stock volatility can cut tax on a Roth IRA
Tax Savings This year’s stock market volatility can be unnerving, but if you have a traditional IRA, this volatility may provide a valuable opportunity: It can allow you to convert…
Sustainable Tax Breaks Can Save You Green
Save on Taxes Save the Planet Many people want to do something, however small, to contribute to a healthier environment. There are many ways to do so and, for some…