How the 2025 Social Security Adjustments Will Impact Your Wallet
As we step into 2025, millions of Americans are set to experience a notable change in their Social Security benefits. The Social Security...
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Jul 263 min read
Essential Tax and Financial Planning Strategies for Boomers and Gen Xers Approaching Retirement
As Boomers and Gen Xers approach retirement, effective financial planning becomes crucial to ensure a comfortable and secure future. This...
May 286 min read
Understanding the Tax Implications of Inheriting or Receiving a Home as a Gift
A frequent question, and a situation where taxpayers often make tax mistakes, is whether it is better to receive a home as a gift or as...
Apr 264 min read
Installment Sale – a Useful Tool to Minimize Taxes
Selling a property you have owned for a long period of time will frequently result in a large capital gain, and reporting all of the gain in
Mar 226 min read
Biden's Tax Agenda
During his State of the Union Address before Congress on March 7, 2024, President Biden presented an overview of his tax agenda proposed...
Mar 138 min read
Unique Charitable Giving Options
There are some unique ways to make charitable contributions that can provide tax advantages to the donor. Before deciding about your...
Feb 217 min read
Gift & Estate Taxation - An Overview
Gift and estate taxes are both part of the federal transfer tax system and are interconnected. Gift tax applies to transfers of wealth...
Jan 196 min read
Major Tax Sunset on the Horizon
Back in late 2017 Congress passed the Tax Cuts & Jobs Act of 2017 (TCJA) that made enormous changes to income tax laws as outlined below....
Nov 27, 202310 min read
Taxes and Holiday Gift Giving
The holiday season is customarily a time of giving gifts, whether to your favorite charity, family members or others. Some gifts have tax...
Oct 25, 20232 min read
Tax planning before Thanksgiving
Waiting until after the close of the tax year to worry about your taxes can result in missed opportunities that could have reduced your...
Oct 4, 20237 min read
Financial Aspects of Elder Care Planning
When we’re young and vibrant, we think that we’ll never grow old. We enjoy each day never thinking there might come a day when we’ll...
Sep 29, 20233 min read
How Does Education Impact Your Taxes?
The kids are back in school! Things like student loans, scholarships, and fellowship grants can play a role in parents’ and college...
Sep 25, 20233 min read
Top 10 Tax Strategies For Physicians
Strategies for physicians to provide legitimate means to substantially mitigate tax liabilities while adhering to the boundaries of the law.
Sep 29, 20224 min read
Tax and Personal Finance Tips for New Parents
Expanding your family? Whether you’re in the planning stages or your bundle of joy has already arrived, raising a child is one of life’s...
Sep 19, 20223 min read
Maximizing Your Airbnb Rental Income
If you list your property on Airbnb, you know it has been a remarkable boon for property owners looking to earn income from their...
Sep 12, 20224 min read
Tax strategies during a lower-income year
People generally assume that tax planning only applies to individuals with the big bucks. But think again, as some tax moves benefit...
Jul 26, 20225 min read
Thinking of Selling Your Home?
If you sold your home this year or are thinking about selling it, there are many tax-related issues that could apply to that sale. To...
Dec 13, 20216 min read
Watch Out for Tax Penalties
Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible...
Oct 11, 202110 min read
Possible tax bill makes fall tax planning a wise move
Taxes are like vehicles in that they sometimes need a periodic check-up to make sure they are performing as expected, and if ignored, can...
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