If you own a business, earn significant investment income, are recently married or divorced, or have a Flexible Savings Account (FSA), you may want to work on your income tax strategy now rather than later in the year. Do you need to pay estimated income tax? If you are newly retired or newly …
Tax
Tax Benefits Galore! A Look at HSAs
Why do financial professionals love Heath Savings Accounts (HSA)? Consider the following attributes: a pool of tax-exempt dollars for health care, a path to tax savings, even a possible source of retirement income after age 65. It sounds really good, doesn’t it? About 26 million Americans now have …
The Tax Cuts & Jobs Act: Charitable Giving Strategies Post-Tax Reform
Charitable giving strategies and tax deductions are top-of-mind as we near the end of 2018. This year is especially fraught as a result of changes brought about by the Tax Cuts and Jobs Act (TCJA). Many nonprofit organizations are concerned that the new tax law will result in reduced charitable …
