How To Pay For Your Retirement
Paying For Your Retirement At the end of long years of work, you may be looking forward to one thing: retirement. That retirement will be a lot more rewarding (and…
The Tax Reform Bill & Your Medical Expense Deduction
New Tax Reform Bill In every election cycle, it seems like American taxpayers ask lawmakers for tax reform. Let’s face it, none of us want to pay more tax than…
Gifting – What Assets Are Eligible?
Most people enjoy giving presents and watching people open them. Gifting is also an important tool used while preparing an estate plan, but some gifts may be taxable by the…
Strategies For Reducing Taxes
Benjamin Franklin said, “In this world nothing be said to be certain, except death and taxes.” Most of us pay taxes like income tax, sales tax, and capital gains tax.…
Raising Expectations While Lowering Taxes: 2017 Tax Reform
Lower Taxes? It’s Happening! 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…
Pay Your Beneficiaries Instead Of Uncle Sam
You’ve worked hard all your life and accumulated a nice house, bank accounts, and valuable personal property. And you’d like as much of this as possible to go to your…
Maximizing Your Social Security Benefits
People Are Living Much Longer Today & Collecting Social Security Longer Than In Previous Generations And in many cases, women outlive men. Those who are in their 60s can elect…
Gift Tax Exclusion: How Much Can I Give Away Without Paying This?
Gift Tax Exclusion – What Does It Mean? There are two freeways to make gifts without incurring gift taxes. The first one is the annual exclusion on the second one…
Tax Records: What Should You Keep & For How Long?
Deciding How Long To Keep Tax Records & Which To Shred Can Be A Bit Of A Guessing Game Some keep every single piece of paper or file in 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…