Tag: Taxes

The Lowdown on the Republican Tax Reform Proposal

In early November, Republicans in the House of Representatives finally released the details of a tax reform plan that many have been speculating about for months. If enacted, the Tax Cuts and Jobs Act would implement the biggest changes to our nation’s tax code in more than three decades. Of course, this is a very […]

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IRS Reprieve Offers Opportunity for Last-Minute Tax Savings

The IRS has provided taxpayers with a slight reprieve this year by extending the traditional April 15 tax-filing deadline by three days. As a result, you have until next Tuesday, April 18, to file your tax return or request an extension. This means you also have an extra three days to make a 2016 contribution […]

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Don’t Be Victimized By Tax Refund Fraud

If you’re a procrastinator when it comes to preparing your tax return each year, you’re not alone. After all, there are probably a million things you and most other people would rather do than work on your taxes. But there’s at least one reason not to procrastinate this year: avoiding tax refund fraud. The earlier […]

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How to Properly Substantiate Your Charitable Donations

‘Tis the season for … tax preparation. No, it’s certainly not as fun or exciting as the holiday season. One of the first tax-preparation steps is to confirm you have all records of your charitable donations. Any donations you make to qualified Section 501(c)3 charitable organizations may be deductible on your federal income tax return. […]

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Tax-Efficient Investing: How to Increase Your After-Tax Returns

When gauging the return on their investments, many people neglect one of the most important factors affecting their returns: taxes. Because when it comes to investment returns, it’s not what you make, but what you keep that really counts. This makes tax efficiency one of the biggest keys to successful portfolio management. Your goal should […]

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How Might A Trump Presidency Affect the Tax Code?

In a recent article we took a detailed look at how the Presidency of Donald Trump might affect the economy and markets. With Trump’s inauguration this week, now is a good time to take a look at how his Presidency might affect the U.S. tax code. Tax Reform Might Be Feasible With Republican control of […]

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IRS Inflation Adjustments Are Minimal for 2017

Each year, the IRS makes adjustments to a wide range of tax provisions to reflect the impact of inflation. With inflation relatively low, the adjustments made by the IRS for 2017 are very small. Here’s what you need to know about the 2017 IRS inflation adjustments: The contribution limits for qualified retirement accounts essentially remain […]

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