Email Email Print Print

Remaining Tax Deadlines For 2018

April 18th, 2018

While April 15 (April 17/18 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that you also need to be aware of. To help you make sure you don’t miss any important 2018 deadlines, here’s a look at when some key tax-related forms, […]

read more

Tips to Avoid Last Minute Filing Pitfalls

April 10th, 2018

The federal income tax filing deadline is slightly later than usual this year — April 17 — but it’s now nearly upon us. So, if you haven’t filed your individual return yet, you may be thinking about an extension. Or you may just be concerned about meeting the deadline in the eyes of the IRS. […]

read more

You still have time to make 2017 IRA contributions

April 5th, 2018

Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. The deadline for 2017 contributions is April 17, 2018. Deductible contributions will lower your 2017 tax bill, but even nondeductible contributions can be beneficial. Don’t lose the opportunity The 2017 limit for total contributions to […]

read more

Sandwich Generation News: Can You Claim Your Parent As A Dependent?

March 28th, 2018

Perhaps. It depends on several factors, such as your parent’s income and how much financial support you provided. If you qualify for the adult-dependent exemption on your 2017 income tax return, you can deduct up to $4,050 per qualifying adult dependent. However, for 2018, under the Tax Cuts and Jobs Act, the dependency exemption is […]

read more

Home Ownership Tax Breaks Decrease in 2018

March 20th, 2018

Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax breaks that help support this dream. If you own a home, you may be eligible for several valuable breaks when you file your 2017 return. But under the Tax Cuts and Jobs Act, your home-related […]

read more

Casualty Loss Deduction Rules Tighten in 2018

March 13th, 2018

A disaster, fire or theft last year may mean a 2017 income tax deduction, and claiming it may be easier for natural disaster victims. But availability of this break narrows for 2018. Here’s what you need to know. If you suffered damage to your home or personal property last year, you may be able to […]

read more

Spring Newsletter Now Available

March 9th, 2018

Our Spring 2018 issue of Tax and Financial Briefs is here!  The Spring 2018 issue includes: Important Tax Changes for Small Businesses Considerations for Working with your Spouse The ABCs of Small Business Success 401(k) Advice when Switching Jobs Five Numbers that Impact Your Business IRS Notes & Upcoming Tax Deadlines We look forward to seeing you […]

read more

Determining Charitable Deductions: Not Just The Amount, But What You Give

March 6th, 2018

Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more than just the actual amount you donate. Type of gift One of the biggest factors affecting your deduction is what you give: Cash. You may […]

read more

Changes to Mileage Deductions in 2018

February 27th, 2018

Individuals can deduct some vehicle-related expenses in certain circumstances. Rather than keeping track of the actual costs, you can use a standard mileage rate to compute your deductions. For 2017, you might be able to deduct miles driven for business, medical, moving and charitable purposes. For 2018, there are significant changes to some of these […]

read more

Tax deduction for moving costs: 2017 vs. 2018

February 22nd, 2018

If you moved for work-related reasons in 2017, you might be able to deduct some of the costs on your 2017 return — even if you don’t itemize deductions. (Or, if your employer reimbursed you for moving expenses, that reimbursement might be excludable from your income.) The bad news is that, if you move in […]

read more