Blog

  1. Tax Autopsy

    Back in 2008, 2009, and 2010 I did quite a few tax returns that were really tax autopsies. I seem to do fewer returns of this nature today; however, I unfortunately still do several of these each year. To me …

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  2. 1031 Exchanges

    The IRS allows the sale of your primary residence to be free from taxes if you have lived there two out of the last five years and the profit is $500,00 or less for a married couple filing jointly or …

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  3. Lowering your Adjusted Gross Income (AGI)

    There are just a few months left before the end of 2018. For those with health insurance subsidies through the Marketplace, your AGI (adjusted gross income) and family size determines whether you qualify for the subsidy and how much the …

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  4. Home Equity Interest Deduction

    Before the Tax Cuts and Jobs Act of 2017, home equity interest was largely deductible. New for 2018 the only home equity interest that is deductible is debt that was incurred to purchase, build or substantially improve the home that …

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  5. Labor Day Holiday

    Can anyone believe it is already the “unofficial” end of summer? Where has the time gone? We hope everyone had a fun and safe season! School is back in session and it is time to get ready for bonfires and …

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  6. Child Tax Credit for 2018

    As the Tax Cuts and Jobs Act has been implemented in 2018, tax reform has made some taxpayer-friendly changes to the Child Tax Credit. The credit taxpayers receive has doubled from $1,000 to $2,000. The Child Tax Credit has higher …

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  7. College Tuition Tax Breaks

    Looking at a college tuition statement for the first time can be a scary experience. The cost of higher education continues to climb. The average annual cost for tuition and board at a public in-state school is now $20,770.00 and …

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  8. Tax Extension Season is Winding Down

    Time is almost up. The 2017 extension due date for most business tax returns is September 17th (the 15th is on a weekend). After that, the due date for personal tax returns is then October 15th. If you are going …

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  9. Check your 2018 Federal Income Tax Withholding Before it’s Too Late

    Tax reform happened in America during early 2018. The government changed the tax brackets, numerous credits and deductions have been tweaked and numerous other changes have occurred. Most people will see their overall tax liability go down and again most …

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  10. Kids, College and Taxes

      Summer is almost over and kids will soon be going back to school.  Some of those will be starting a new adventure with college.   Along with books, dorms and being away from home for the first time, college …

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