1. Should I still give to charity?

    Of course you should. The new tax rules mean that fewer individuals will be able to deduct charitable contributions on their tax return.  That’s because the standard deduction has been nearly doubled so that it is less likely that adding up all your individual deductions (mortgage interest, prope…Read More

  2. Is Bitcoin an Investment?

    There has been a lot of news in the media lately about cryptocurrencies and their potential as investments, particularly Bitcoin. If you google “Bitcoin Investment”, you’ll see that there are a wide range of opinions about the viability of cryptocurrencies as investments. The problem with thes…Read More

  3. Social Security – claiming your enhanced age 70 benefit

    The government gives you the option of taking a reduced pension early (as early as 62) or an enhanced pension later (as late as age 70) - smaller payments for a longer time or larger payments for a shorter time. On average it works out the same for the government. But for individuals, the enhanced b…Read More

  4. Tax Complification for “Pass Through Income”?  

    The Tax Cuts and Jobs Act law was purported as being an act to simplify the tax code. Some of the provisions of the bill did make things a bit simpler, especially with respect to itemized deductions. However, when it comes to changes to how “pass-through” income is taxed, the new law has added a…Read More

  5. Should you prepay property tax in 2017?

    Starting in 2018, the deductibility of itemized tax deductions of state and local income taxes (SALT) and local property taxes will be limited to $10,000 for both items combined. This new limit applies for all taxpayers, whether married or single. This change has caused some taxpayers to want to pre…Read More

  6. Should you shift itemized deductions into the last week of 2017?

    There has been a lot of discussion in the media in the past couple of days regarding the new tax law and how the change to the standard and itemized deductions could affect certain taxpayers. The Boston Globe had an article about how residents in Massachusetts are running down to their town offices …Read More

  7. ABLE Accounts

    An emerging tool for planning for individuals with disabilities Individuals who have significant disabilities (onset before the age of 26) can create tax-advantaged accounts that can be used to help maintain health, independence, and quality of life for the person with the disability. Earnings on mo…Read More

  8. Tax Reform Update

    The proposed tax reform legislation is about to become law.  We will have more information as more information and guidance is released about the provisions of the tax reform.  The bulk of the tax cuts is a major reduction in corporate taxes from 35% to 21% and the elimination of the business Alte…Read More

  9. Military Blended Retirement System

    On January 1, 2018, the Department of Defense (DOD) will be rolling out a new retirement system called the "Blended Retirement System" or "BRS".  It is a big change to the current military retirement system and focuses on benefiting servicemembers who do not plan on staying in the military for the …Read More

  10. Possible Tax Law Changes

      There are many drastic changes to current tax law being proposed, but there are a few changes in the House proposal that we haven't heard much about. Now that the House bill has been passed, we want to point out a few significant items:   There is 6% add-on tax on incomes over $1,000,000…Read More