529 plans are one of the most popular investment vehicles for helping families save for college. Under the new Tax Cuts and Jobs Act they are likely to become even more utilized.Read More
Now that the dust has settled a bit from the new tax law, it’s time to talk about tax planning strategies moving forward into 2018. There certainly are a number of changes packed into the latest legislation; however, we will be focusing on the new, increased standard deduction and how that will impact your charitable donations.Read More
Congress is enacting the biggest tax reform law in 30 years, one that will make fundamental changes in the way you, your family, and your business calculate your federal income tax bill, and the amount of federal tax you will pay.
Since most of the changes will go into effect next year, there’s still a narrow window of time before year-end to soften or avoid the impact of the new provisions and to best position yourself for the tax breaks thatRead More
For the first time since Ronald Reagan’s 1986 Tax Reform Act, major tax reform has been enacted. Republican lawmakers worked until Friday, Dec. 15 on blending the House and Senate proposals into how the law currently stands. After some minor changes due to parliamentary exceptions raised by the Democrats, the Bill cleared both the House and Senate on Dec. 20 and is expected to be signed into law by President Trump.
The overarching goal of Republican lawmakers was to simplify theRead More
Tax filing season is fast approaching and with that will come another barrage of attempts at tax return fraud. The attacks on your information and your refund continue at an alarming rate. To help prevent becoming a victim, it’s crucial you stay aware of possible scams and safeguard your personal information. A common scam that startles tens of thousands of us each year is receiving a call from an IRS impersonator.Read More