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2021-03-05 15:30
The cost of long-term care is a concern for all seniors. The annual cost continues to rise and makes it untenable for most to afford it. It is estimated that an individual turning age 65 ha… Read More
2021-03-03 20:49
Although our 2020, Federal Income Taxes are not due until April 15, 2021, it is important to start planning today for 2021. The following is a list of some important tax thresholds: 2021 An… Read More
2019 INCREASE IN CHARITABLE GIVING
2020-07-28 18:36
Americans gave nearly $450 billion to charity last year, which is one of the highest amounts ever recorded. This number comes as lawmakers have been looking for ways to expand tax breaks fo… Read More
HOME OFFICE DEDUCTION UNDER COVID-19
2020-06-17 18:03
The government ordered shut down resulting from the spread of Covid-19 has resulted in an increased number of employee’s working from home. Many of these employee’s have inquir… Read More
STAFFORD ACT TAX RELIEF
2020-03-25 16:10
On February 13, 2020, President Trump invoked the Stafford Act, and opened the door to a range of possibilities in structuring “qualified disaster mitigation” payments to employ… Read More
THE 2017 TAX ACTS IMPLICATIONS IN 2020
2019-10-30 14:19
The 2017 Tax Act made significant changes to itemized deduction planning. The two (2) biggest changes for 2020 involved: 1. Much higher standard deduction (adjusted for inflation annually)… Read More
DEDUCTIBILITY OF FUTURE ALIMONY PAYMENTS
2019-09-26 14:49
Prior to the Tax Cuts & Jobs Act of 2017 ("ACT"), a divorced spouse could deduct any alimony payments made to his former spouse. The former spouse had to claim the alimony received as i… Read More

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