3 Steps to Prep for Tax Preparation; Money and More© January 2020

Having prepared taxes for almost a decade, I have learned what our best clients do to get ready for tax preparation.  US Income Tax law is quite complicated and can be intimidating if not overwhelming.  Before entering the financial planning profession,  I used outside preparers for my increasingly complex personal return.  At that time, I… [Continue]

Money and More© February 9, 2019

Save taxes on medical expenses and use the standard deduction   Thanks to the tax law changes, many taxpayers must now take the Standard Deduction on their federal income tax returns.   Additionally, the threshold for medical expenses jumped from 7.5% of Adjusted Gross Income to 10% in 2019.  There are strategies that can help save… [Continue]

Money and More© January 12, 2019

Your Taxes and the Government Shutdown The current federal government partial shutdown is affecting the IRS and your taxes.  On January 7th the IRS announced that they will accept tax returns starting on January 28th.  The IRS will issue refunds on schedule.  There are other issues that might hold up returns.   The IRS has recalled… [Continue]

Money and More© December 15, 2018

Charitable Giving under the Tax Law Changes The sweeping tax laws changes  from year ago have a great effect on charitable giving.  These are likely to be even more profound in 2019 as taxpayers better understand the law.  The new law  increases the amount a taxpayer can deduct from 50% of adjusted gross income (AGI)… [Continue]

Facebook Iconfacebook like buttonTwitter Icontwitter follow buttonLinkedInLinkedIn