Philanthropy and Available Tax Deductions
Shawna Theriault, CFP®, C.P.A. and Jennifer Thomas, CFP®, discuss the options available for meaningful charitable giving, including establishing charitable trusts, family foundations and donor advised funds.
Cutting the IRS Out of Your Gifts
It’s best to know the rules for gifting, otherwise you may end up making a gift of taxes to the IRS. We explain in this week’s Tax Tip.
With Changes Ahead, Taxpayers can take Advantage of Current Tax Laws
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains why deferring income and accelerating deductions means more this year. Read the Article
Time for Baby Boomers to Pay Up
If the full amount of a required minimum distribution isn’t taken, the penalty is 50% of the amount you didn’t withdraw. Read all about it in this week’s Tax Tip.
With Changes Ahead, Taxpayers Can Take Advantage of Current Tax Laws
Tax Manager Dan DiLuzio, C.P.A., leads the group in a case study discussion about year-end tax moves for individuals and businesses, some of the notable changes for the 2017 tax season and some of President-elect Trump’s proposed tax law changes.
Liberal Expensing Limits Can Create Major Year-End Tax Savings
Businesses can take advantage of liberal expensing limits under Sec. 179 and bonus depreciation for new equipment. Read all about it in this week’s Business Tip.
Taking Advantage of Back-door Roth IRAs
High-income earners can still fund a Roth IRA because there are no income limits for traditional IRA conversions. We explain in this week’s Tax Tip.
Is it possible to name a charity as the beneficiary of my life insurance policy?
If you’re charitably inclined, you can use life insurance to benefit your favorite non-profit. Read all about it in this week’s Insurance Tip.
Hobbies and Income Tax
Make a few bucks on the side doing what you love? The tax treatment of hobbies is quite different than a business. We explain in this week’s Tax Tip.
Pretax, Roth or After-Tax Contributions: Which Should You Choose?
Saving for retirement is key, but should you save pretax or after-tax dollars? We explain in this week’s Financial Tip.