Our Financial Blog

3 Great Charitable Deduction Ideas

Despite what you may have heard from friends or family, you can still claim generous tax benefits for charitable contributions.  Here are three prime examples of charitable tax breaks ripe for the picking if you know where to look:  Qualified charitable...

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How to Maximize Your Social Security

You can begin receiving your Social Security retirement benefit as early as age 62.  But by putting off your benefit start date, you can receive a check that is 8% higher for each year you delay receiving your benefit. The Basics – Full retirement age. ...

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The $500,000 Homeowner Tax Break

There is a large tax break that allows you to exclude up to $250,000 ($500,000 married) in capital gains on the sale of your personal residence.  But making the assumption that this gain exclusion will always keep you safe from tax can be a big mistake. ...

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Improve Next Year’s Tax Situation Now!

Whether you receive a big refund or pay taxes on tax day, taking action now can ensure next year’s tax bill is optimized by not paying a dollar more than necessary. Update paycheck withholdings and forecast estimated tax payments.  Reviewing and updating...

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Tax Cuts and Jobs Act Summary

With the recent passage of the Tax Cuts and Jobs Act, many changes to the Internal Revenue Code will be implemented starting in 2018.  Here are some of the most notable changes: Starting in 2018, personal exemptions are repealed.The child tax credit will increase...

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