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Income Tax Myths: Fact vs Fiction

Income Tax Myths: Fact vs Fiction

Tax season is upon us and lately I have been hearing many misconceptions about taxes so I thought we could talk about some of them in this blog.  Here are seven income tax myths and the realities behind them. Which have you always believed to be true? Myth:...

2018 Tax Changes, Part 2

2018 Tax Changes, Part 2

Continuing on with our discussion of the changes in the tax code created by the passage of the Tax Cuts and Jobs Act (TCJA), this week we are going to talk about the standard deduction and itemized deductions. Much of the hype in the media before the passage of the...

2018 Tax Code Changes: Simplification of Form 1040

2018 Tax Code Changes: Simplification of Form 1040

A little over a year ago, the Tax Cuts and Jobs Act (TCJA) was passed which amounted to the biggest overhaul of the tax code in 31 years. With preparation of our tax returns looming, be ready for changes. Over the next few weeks, we will talk about some of these...

Stay Safe Online During the Holiday Season

Stay Safe Online During the Holiday Season

This time of year, I am often asked how to save money on Christmas gifts and/or how to avoid overspending throughout the holiday season. As I was thinking about this topic and the various approaches that could be taken, I decided the first step could be to simply...

Happy Thanksgiving

Happy Thanksgiving

As we approach the holiday season, I want to wish all of my friends, family, and clients a very Happy Thanksgiving. Let us all remember our blessings during this---and every---time of year and cherish every moment with those we love.    

The Dangers of Outsourcing Your Tax Return

The Dangers of Outsourcing Your Tax Return

I read a disturbing article this week and immediately knew it was something I should address with my blog readers. The article, entitled Do You Know Who is Preparing Your Tax Return?, talks about how bigger tax preparation firms are outsourcing the preparation of...

Are Your Savings Up to Par?

Are Your Savings Up to Par?

How are doing on your savings plan? According to a recent survey by MagnifyMoney, Americans are still accumulating more debt than savings. While the median savings account balance is $4,830, 29% of American households have less than $1,000 in savings. The amount saved...

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