Recent Blog Posts

Tax Tips

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 …

Read Post

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 …

Read Post

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 …

Read Post

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 …

Read Post

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 …

Read Post

September 4th, 2019 Newsletter

7 Above-the-Line Tax Deductions Tax filers might assume that tax deductions are reserved for those filers who itemize on their tax returns. But if you take the standard deduction, don’t feel left out. Taxpayers can take certain deductions, called above-the … US News Tax Strategies for Your Retirement Income When you …

Read Post

August 28th, 2019 Newsletter

What You Need to Know About Capital Gains Taxes If you own property, a business or investments, you are sure to run into the term capital gains, especially when you are figuring out your taxes—and the basic definition is pretty simple. It’s the difference between what … Bottom Line, Inc Are …

Read Post

August 21st, 2019 Newsletter

How and When to File an Amended Tax Return It’s well past April 15. So, unless you applied for an extension, the stress and frustration of filing your federal tax return should be a distant memory by now. But what if you suddenly realize there’s a mistake on your return … …

Read Post

August 14th, 2019 Newsletter

Tax-Free Savings and Other Places to Save Tax-Free  Most savings accounts – and similar places to park your cash, such as money market funds – require that you pay taxes on the interest that you earn. A few types of savings accounts and other financial instruments are exceptions … Investopedia Shrinking …

Read Post

August 7th, 2019 Newsletter

6 Ways the IRS Can Seize Your Tax Refund  If you are still waiting for your federal income tax refund this year, here’s one reason it might be delayed: the government could have seized it. The same federal agency that normally issues tax refunds, the U.S. Treasury … Investopedia Extended Tax …

Read Post