All signs are that we will see a federal tax cut enacted next year, with significant reform included in that package. Congressional leaders have indicated that they will use the reconciliation process, which means that simple House and Senate majorities would be enough to put a tax bill on the President’s desk. I’ll stay on […]
Article on taxes
Little has been predictable in the national political arena over the last three weeks. Few pundits predicted Trump would win, and even fewer presaged that the domestic stock markets would rally to all time highs. Interest rates have moved upwards sharply as the market starts building in expectations for increased growth and a phenomenon gone […]
Your tax refund may be the biggest check you receive all year. It’s like Christmas in April with many taxpayers as the happiness a tax refund check brings to the household exceeds its monetary value. It’s almost like a 2X giddiness factor: $1,000 back from the IRS feels like $2,000 from anyone else. And it’s […]
Now that we’re in the heart of tax season, our focus is to see what can be done to reduce taxes for clients for 2015 and beyond. While some tax breaks are straightforward, there are those that may face the chopping block when it comes time to “simplify” our federal and state tax codes. President […]
If you’re nearing retirement, learn the age of 70 ½ and its effect on your taxes and investments
While most tax returns do not feature a four or five figure blunder, they happen more commonly than you’d think. Working with a professional tax preparer can help limit these errors, but even pros are not immune.
Whenever we start working with financial planning clients, we review their past tax returns. While many of them are ably self-prepared, we have found that with some categories of people it makes sense to use a tax professional.
If you keep good records and your tax preparer informed, you could be looking at a big refund come next April.
Taxes Changes for 2013 and Social Security Planning