Browsing: Taxes

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

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

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

New Year’s Resolutions for Your 401(k)

Happy New Year, especially for your 401(k)! Year-end 401(k) and other retirement plan statements are now coming out and there’s reason for excitement: the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all posted excellent returns in 2017. Even the international markets, which have lagged the last few years, participated in the rally. So… read more

Retirement Tax Planning Opportunities

Pre-retirees are often focused on how much money that they’ll be able to draw for their retirement income, but how much you can spend will depend on how the withdrawals are taxed.  Incorporating sophisticated tax planning into your retirement income plans can offer some opportunities to save a substantial amount of taxes. Most couples with… read more