Troy Harmon, CFA, CVA, is joined by Managing Associates, Shawna L. Theriault, C.P.A., CFP®, CDFA®, and K.C. Smith, CFP®, to discuss how the Tax Cuts and Jobs Act changed the game for middle income taxpayers who may have been subject to alternative minimum tax in the past. With higher exemptions and phaseouts, far fewer people will pay AMT.
The major indices closed in green territory on Monday as commodity prices stabilized. Energy stocks moved ahead on an increase in crude oil prices. The following day, the indices closed with slight gains, with the Dow Jones Industrial Average ending in the green zone, rebounding up off early low levels.
Are you considering buying a business? Make sure you do your due diligence by looking at the value of the intangible assets. Learn more in this Business Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that personal casualty losses are no longer deductible unless it is the result of a presidentially declared disaster for tax years beginning in 2018. Read the Article
The best time to plan for your parents’ aging is when they are relatively healthy; otherwise, you may find yourself making critical decisions on their behalf during a crisis. We explain in this week’s Estate Planning Tip.
Those with substantial medical bills will be delighted to learn that medical deductions were retained in the Tax Cuts and Jobs Act, and the AGI floor was lowered to 7.5% for 2017 and 2018. We explain in this week’s Tax Tip.
Bil Lako, CFP®, Sean Hannity’s financial expert, explains why a pullback in the stock market is a good opportunity for investors. Read the Article
The equity in your home could be one of your largest assets, especially if your mortgage has been paid down over the years or paid off. We explain in this week’s Financial Tip.
Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Principal Jennifer J. Thomas, CFP®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, to discuss how the Tax Cuts and Jobs Act changed the deductibility of casualty losses, and how taxpayers need to understand what their insurance covers.
Indices closed well into red territory on Monday with both the S&P 500 Index and Dow Jones Industrial Average declining more than 4%. Oil also slipped 1.9% to settle at $64.24 a barrel. Meanwhile, services industry activity increased in January as the ISM non-manufacturing index jumped to 59.9 from 56 in December.