Recent Blog Posts

November 13th, 2019 Newsletter

Can I Deduct My IRA on My Tax Return? Is a contribution to an individual retirement account (IRA) tax-deductible? For many of us, the short answer is: You bet! That’s what IRAs are for! But this is the Internal Revenue Service (IRS) we’re talking about, so there … Investopedia End-of-Year Moves …

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November 6th, 2019 Newsletter

10 Year-End Moves to Lower Your 2019 Tax Bill Don’t let the holidays sidetrack your tax planning. Moves you make between now and the end of the year can have a significant effect on how much tax you have to pay next April. This is particularly true if you’re saving …

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October 30th, 2019 Newsletter

Withhold Too Little? You Could Owe Tax Penalties The chance you under-withheld taxes last may be higher than you think. A 2018 report by the Government Accountability Office (GAO) suggests that a fifth of taxpayers, more than 30 million people, may owe taxes due to underwithholding … Investopedia Unusual or Overlooked …

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October 23rd, 2019 Newsletter

Think About Tax Savings Before 2019 Ends You’ve put taxes out of your mind for months, and you would much rather prepare for the upcoming holidays than for filling out tax forms. But the final few months of this calendar year can be a great time to make sure you … …

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October 16th, 2019 Newsletter

Retirement Tax Mistakes You Can’t Afford to Make It’s easy to assume that financial choices boil down to one’s preferences. While personal preferences, goals and priorities should drive most financial decisions, they often can convert a good intention into a mistake … Kiplinger Tax Lien What Is a Tax Lien? A …

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October 9th, 2019 Newsletter

Reducing Taxes Should Be a Retirement Priority Do you have a plan to help reduce income taxes in retirement? That’s become one of my top questions for the pre-retirees who attend my financial planning classes or come to my office for help. If they have to think about it … Kiplinger …

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October 2nd, 2019 Newsletter

10 Taxable Items That May Surprise You Taxes are complicated, with nitty-gritty details that hardly anyone is aware of. For instance, did you know the buried treasure you found in Grandpa’s backyard is actually taxable? That’s just the start. Read on to learn about surprising taxable items. Whether they … Investopedia …

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September 25th, 2019 Newsletter

How Much Does a Dependent Reduce Your Taxes? With President Trump’s new tax law, the child tax credit was raised from $1,000 to $2,000 per child for 2018 and 2019. Having qualified dependent children may also allow you to claim other significant tax credits, including … Investopedia Will Retirement Taxes On …

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September 18th, 2019 Newsletter

The difference between a tax rate and a tax bracket Tax brackets refer to the table created when matching filing statuses with their corresponding tax rates. There are three components of a tax bracket: filing status, tax rate, and income range. Tax rates are shown … Investopedia 4 Important Tax Items …

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September 11th, 2019 Newsletter

Little-Known Tax Breaks That Could Save You Big Dollars The Tax Cuts and Jobs Act of 2017 gives us a lot to think about when crafting a financial framework. With the legislation scheduled to run through 2025, you want to be aware of certain provisions and exceptions in the … Finance …

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