2021 Individual Taxes: Answers to Your Questions
2021 individual taxes: Answers to your questions about limits Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s…
Gift Tax: Take advantage of the exclusion rules
Gift tax exclusion rules As we head toward gift-giving season, you may consider giving gifts of cash or securities to your loved ones. Taxpayers can transfer substantial amounts free of…
Don’t Miss the 2018 Gift Tax Deadline
The 2018 gift tax return deadline is almost here Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine…
Small-business Owners Don’t Forget These Tax Changes
Tax filing season is upon us. After year-end, it’s generally too late to take action to reduce 2018 taxes. Business owners need to plan accordingly and assess whether they’ll likely…
What will your marginal income tax rate be?
TCJA and Your Marginal Income Tax Rate While the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through 2025, some taxpayers could see their taxes…
Early 2019 Business Tax Deadlines
1st quarter tax 2019 deadlines for businesses and other employers Listed below are tax-related deadlines for businesses and other employers during the first quarter of 2019. This list isn’t all-inclusive,…
Can You Save by Prepaying Property Tax?
Prepaying property taxes? Read This First Prepaying property taxes related to the current year but due the following year has long been one of the most popular and effective year-end…
Buy Business Assets Before Year-end for Tax Breaks
Business year-end for tax breaks Two depreciation-related tax breaks, Tax Cuts and Jobs Act (TCJA), are becoming popular year-end tax planning tools for businesses, and you can get in on…
Donate appreciated stock for twice the tax benefits
Charitable contributions have been a long-standing tax strategy as long as you itemize and your gift qualifies. Did you know you can receive an additional tax benefit if you donate…
Gambling Wins and Losses Have Tax Consequences
Did You Win Big? Time to Pay the Tax-Man Gambling wins and losses can affect your income tax bill and it’s important to understand how. Additionally, the Tax Cuts and…