Obamacare Adds New Levels of Complexity to Tax Returns
Substantial reporting requirements have been added to the 2014 tax return to facilitate the ACA insurance mandate. We explain in this Tax Tip.
Ever Wonder What a Tax Deduction Might Save You?
What is a tax deduction worth? It depends on your situation and the type of deduction. We explain in this Tax Tip.
Affect Your Taxes by Carefully Handling Gains and Losses
If you have losses in certain stocks or bonds, you may be able to sell them for a loss to offset any capital gains you recognized during the year.
Together Forever: Marriage and Taxes
Marriage changes everything, including your taxes and how you go about year-end tax planning. We explain in today’s Marietta Daily Journal. Read the Article
Gambling Income and Losses
Gambling winnings are reported as income, while gambling losses are deducted on Schedule A. If you scored big at the casino, read this week’s Tax Tip.
Affect Your Taxes with Gains, Losses
Bil Lako, CFP®, explains how recognizing your capital losses may improve your tax situation. Read the Article in Today’s Marietta Daily Journal
What is the Deductibility of Interest Paid on Home Construction Loans?
The hosts of “Money Talks” discuss the deductibility of interest paid on home construction loans. With the stipulations that surround home construction loans, the hosts address why it’s best to consult a C.P.A. and how working with the same bank to convert the loan to a traditional mortgage may be in your best interest.
Getting Around the Kiddie Tax
Saving for your children’s education in their name? Don’t be deterred by the Kiddie Tax. Read more in this week’s Tax Tip.
IRA and Retirement Plan Limits for 2015
The income limits for deductible traditional IRA contributions has increased for 2015. Learn more in this Financial Tip.
Charity Purchases and Auctions
Won an item at a charity auction? Only part of your winning bid may be tax deductible. Read more in this Tax Tip.