Taxes
Tax Updates and Reminders
As we head toward the end of the year, consider maxing out your contributions on tax-advantaged accounts to help manage your 2019 return. While some accounts, such as an IRA…
Read MoreYear-End Tax Considerations
Now that we’re in the fourth quarter, it’s time to think about what you can do to help minimize your liabilities for the 2019 tax season and position finances for…
Read MorePros and Cons of Legislative Inertia
While the 2020 presidential election gains steam, it seems that the passion for new legislation has taken a backseat. As of July 1, the Democrat-controlled House of Representatives had passed…
Read MoreMore Tax Considerations For 2019
According to IRS estimates, taxpayers collectively pay about 82 percent of taxes they legitimately owe. This amounts to about $458 billion annually in lost taxes, based on data from 2008…
Read MoreTax Tips: Look ahead while looking back at 2018
If you didn’t adjust your tax withholding in early 2018, you might be in for a surprise when completing your tax return this year. A lot of people opted for…
Read MoreTax Issue
Standard Article Tax Update Tax season is upon us, and it’s time to figure out if and how changes brought by the Tax Cuts and Jobs Act will affect…
Read More2018 Tax News
The Tax Cuts and Jobs Act of 2017 reduced federal income tax liability for some, but not all, Americans. Wealthy residents of California, New York and other high-tax states could…
Read MoreTrade Agreement Updates
In the new U.S.-Mexico-Canada Agreement (USMCA), which would replace the North American Free Trade Agreement (NAFTA), among gains for the United States is a new provision negotiated with Mexico related…
Read MoreTax Burden Shifts in Divorces
The Tax Cuts and Jobs Act (TCJA) featured an important provision for divorcing couples to consider. For divorces executed after Dec. 31, 2018, alimony will no longer qualify as…
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