Browsing: Financial Planning

Are You a Buncher?

Are You a Buncher?

As the holidays roll around many people do their annual charitable giving.  And these gifts usually come from the heart.  But there’s also the tax deduction.  Unfortunately, this year many taxpayers may find that their charitable donations won’t be deductible, though they may not learn that until their tax return gets filed in a few… read more

A Survey Course in College Funding

Many parents have kicked off a new school year and their children are one year closer to heading off to college.  While that’s an exciting time in many households, it begs the question of how do I pay for it, and what incentives are out there? It’s easy to get lost in the noise of… read more

Where Will You Find Our Clients?

One question we sometimes get is “where do our clients live?”   We decided to take a look, and the findings may surprise you. Clients and friends often assume that most of our clients live in the Ann Arbor area, but just over a quarter of our clients actually reside in Ann Arbor. And while the… read more

Senior Tax Savings

With the passage of the Tax Cuts and Jobs Act that increases the standard deduction to $24,000 for married couples ($26,600 for those 65+) and $12,000 for single filers, the textbook recommendations for itemizing deductions are being rewritten. A key deduction that hasn’t been altered significantly despite the changes in the tax code is the… read more

2018 Taxes— Will You Get a Tax Cut?

Our Vintage tax team just finished our eleventh tax season and completed over 200 returns this year. But next season will be very different due to the Tax Cuts and Jobs Act passed late last year. The new changes include an overall reduction of tax rates, elimination of personal exemptions, increase in the standard deduction,… read more

Donor Advised Funds

In our January blog post, “New Tax Strategies” we outlined how taxpayers can bunch their deductions into a tax year in order to get enough deductions to itemize. Donor advised funds will become an important vehicle to implement these strategies for many people that are charitably inclined. Most people opt to do their charitable giving… read more

New Tax Strategies

The new tax laws that took effect on January 1 are the most significant changes in over 30 years. While most Americans are beginning to enjoy the tax cuts with an increase in their net paychecks, there are opportunities to enhance your tax savings with some new strategies. Itemized Deductions One of the most significant… read more