Don’t forget that your personal tax return is due Monday, April 15. If you don’t have time to get your tax information together, not a problem. Just make sure you or your tax preparer files an extension giving you more time to get it done. Your tax payments are still due on the 15th, even […]
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What’s Behind The Tidal Wave Of Tax Form Corrections?
You were feeling so relieved. Your taxes were finally done and sent off to the IRS. But that feeling of relief lasted only a short minute, as soon as you returned home and found yet another corrected tax form waiting for you in your mailbox. Is there anything more aggravating? We can assure you that absolutely […]
Are You Getting Your Tax Money’s Worth In Florida?
Hate to pay taxes? Don’t we all. But wouldn’t you feel better knowing you and your community get the most in benefits compared to what you pay in? In WalletHub’s new Taxpayer Survey, researchers say Florida residents top almost all other states in getting their tax money’s worth back in benefits. In fact, compared to other states, […]
Don’t Overpay The IRS When Making Charitable Gifts
The one thing people never want to do is overpay Uncle Sam when they file their taxes. Unfortunately, that’s easy to do if you’re reporting charitable gifts made from your IRA (that’s a technique called a QCD or Qualified Charitable Distribution). We have several clients who used this technique last year as a way to […]
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 […]
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 […]
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, […]
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 […]
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 […]
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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About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
