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Retiring? Know Where Your State Ranks On Taxes Before You Relocate

Does it really matter where you live in retirement? People have all kinds of motivations for relocating – or staying put – in retirement. You may wish to live near the kids and grandkids, relax in the sun, or relocate to that hassle-free condo right in the middle of all the urban action. But before […]

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Clients, Make Tax Time Easier With Our 1099 Service

For many clients, tax time can be a confusing tangle of documents, 1099s, and statements. Just when you think you’re done, you open your mailbox to find even more corrected documents! We understand the frustrations, so let us help make the process a little bit easier for you. With your authorization, we can safely forward all […]

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Gov’t Shutdown? Quarterly Tax Payments Still Due January 15, 2019

Not everyone pays quarterly tax estimates, but if you do, make a note that the final tax payment deadline is not too far away. The next quarterly tax deadline is Thursday, January 15, 2019. That’s when the fourth and last estimated payment for the 2018 tax year is due. (Previous quarterly payments were due April 17, […]

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Savings Geeks, Get Ready To Do The Happy Dance! You Can Save More In Your 401(k) And IRA In 2019

Savings geeks (like us), prepare to do the happy dance. If you like to save on taxes, we’ve got great news for you. You can save and deduct more in your 401(k) and IRA next year. Here’s the new amounts for 2019: 401(k): $19,000 ($25,000 if age 50 or over in 2019) IRA or Roth […]

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Making Gifts To Charity? Here’s How To Maximize Those Tax Benefits

Making gifts to charity? Giving is good, but getting tax benefits when you give is even better. Due to changes in the tax law, it’s now harder for most people to get a tax deduction when they give to charity. But that’s no reason to stop giving. We’ve got the perfect solution – a Qualified […]

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How To Use Your Tax Refund To Help Your Future Self

Are you getting a tax refund? According to the IRS, the average tax refund this year was $2,780. We talked with financial reporter Maridel Reyes of Synchrony about smart ways to handle your tax refund. Sure, you can just go out and spend it, but there are better ways to use it to get yourself […]

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What You Need To Know About Annuity Taxes Before It’s Too Late

Sad to say, we spend a lot of time trying to get clients out of annuities they’ve purchased elsewhere. Annuities can be extremely costly, and once you’re in, you may not be able to get out for seven or more years without a major hit to your wallet. The sales pitch is always compelling, but […]

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Happy Tax Day, America!

As millions of Americans went online to file their taxes on the April 17 due date, the IRS online payment crashed, forcing tax officials to delay the tax payment deadline to midnight on Wednesday, April 18. Technical difficulties prevented individual taxpayers from filing their returns. It also reportedly interfered with electronic filings from third-party tax […]

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Too Soon To Talk (Roth) Turkey

With tax rates headed lower for many people, this might be a good year to consider a Roth conversion. For the uninitiated, that’s when you withdraw funds from a traditional IRA, pay the tax now instead of later, and then move the funds into your Roth IRA. Once your savings are in a Roth, they’ll […]

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One Last Minute Tax Tip You Should NOT Ignore

Here’s one tax tip that will never lead you wrong: Fund your Roth IRA. If you are eligible to make a Roth IRA contribution for 2017 (yes, there is still time!), do NOT fail to do so. Roth IRAs have been around since 1997, and they remain one of the best  deals out there. Whatever […]

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