Raising Expectations While Lowering Taxes: 2017 Tax Reform

In 2016, American taxpayers made one message loud and clear: it’s time to deflate our bloated tax code. Actions in D.C. have raised expectations for many Americans that upcoming tax reform will lower their tax burden. Goals President Trump campaigned on many issues, including the need for tax reform that lowered the burden on middle […]

Maximizing your Social Security Benefits

People are living much longer today and collecting social security longer than in previous generations. And in many cases, women outlive men. Those who are in their 60s can elect to receive their retirement benefits earlier or later. Each month, 10,000 Baby boomers are turning 65. For those who have diseases that are known to […]

Tax records: What should you keep and for how long?

Deciding which tax record documents to keep and which to shred can be a bit of a guessing game. Some keep every single piece of paper or file in the world and others tend to pitch things faster than they should. All documents are not created equal. Some must be kept longer than others; the […]

3 Year End Tax Tips for 2016

One way to lower your tax bill for 2016 is to accelerate deductions before December 31. Contributing to your favorite cause when it is a 501 (c) 3, is a terrific way to get another deduction. Did you know you can supercharge the tax benefits of your generosity by giving appreciated stock or property rather […]

We have a new president. Will the estate tax be repealed?

The small percent of people in this country whose assets would be subject to the US estate tax have been waiting for a Republican president for eight years who could finally repeal this tax. While getting this accomplished is still a difficult task with any president, but it will be a somewhat easier sell now […]