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Category Archives: Blog

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  2. Category "Blog"
Feb162018

Casualty Losses: Disasters Can Strike Regardless of Income or Wealth

Blog, In The News, InsuranceBy Henssler FinancialFebruary 16, 2018

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

Feb152018

Don’t Wait to Ask Aging Parents These Important Questions

Aging/Caring for Aging Parents, Blog, EstateBy Henssler FinancialFebruary 15, 2018

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.

Feb142018

Medical Deductions & The New Tax Law

Blog, TaxBy Henssler FinancialFebruary 14, 2018

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.

Feb132018

The Market Correction is the Time to Buy

Blog, Economy/Stock Market, In The NewsBy Henssler FinancialFebruary 13, 2018

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

Feb132018

Your Home as a Source of Dollars in Retirement

Blog, RetirementBy Henssler FinancialFebruary 13, 2018

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.

Feb92018

Tax Cuts and Jobs Act: Impact on Businesses

Blog, Business Owner/Self Employed, TaxBy Henssler FinancialFebruary 9, 2018

The Tax Cuts and Jobs Act made some significant changes for businesses, including lower corporate tax rates, provisions for pass-through entities, expanded Section 179 expensing and bonus depreciations, and provisions for foreign income. We explain in this week’s Business Tip.

Feb92018

The Kiddie Tax Ensures the IRS gets Some of Your Child’s Unearned Income

Blog, In The News, TaxBy Henssler FinancialFebruary 9, 2018

In Today’s Marietta Daily Journal, Bil Lako, CFP®, explains the changes to the Kiddie Tax that discourages parents from shifting income-producing assets to a child. Read the Article

Feb72018

Will Your 2018 Withholding Be Right?

Blog, TaxBy Henssler FinancialFebruary 7, 2018

With the late passage of the Tax Cuts and Jobs Act, the IRS is scrambling to update withholding tables for employers. Keep an eye on your net pay. If the change is too radical you could end up owing tax. We explain in this week’s Tax Tip.

Feb62018

Tax Cuts and Jobs Act: 529 Plan Transfers to ABLE accounts

Blog, Education Planning, TaxBy Henssler FinancialFebruary 6, 2018

529 Plan account owners can now transfer funds without federal tax consequences from a 529 plan to an ABLE account, a tax-advantaged account for disability-related expenses for individuals who become blind or disabled before age 26. We explain in this week’s Financial Tip.

Feb22018

Immediate Tax Benefit for Capital Expenditures

Blog, Business Owner/Self Employed, In The News, TaxBy Henssler FinancialFebruary 2, 2018

In today’s Marietta Daily Journal, Bil Lako, CFP® explains how businesses can upgrade their equipment and take a much larger tax write-off in 2018. Read the Article

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