Blog

This new deduction within the Tax Cuts and Jobs Act produces big tax savings. Several clients have asked us again for more information about this new deduction, so here are the main points: Deduction Detail #1: It Shelters Pass-Through Income The Sec. 199A deduction applies to qualified business income. Most

Millions of Americans are eligible to contribute to health savings accounts, or HSAs, but few people actually take full advantage of this tax-advantaged investment account or realize the full extent of its benefits. Here’s what you need to know about HSAs in 2018, and why their unique benefits make them

If you heard that millions of people tried performing surgery on themselves every year, you’d likely be aghast or at least perplexed that people would take such a chance at something so complex! Along that same line, every year millions of taxpayers decide to perform complex tax preparation by themselves

Have you invested in a PTP or are considering doing so? If so, read on… What is a Publicly Traded Partnership (PTP)? A publicly traded partnership (PTP) is any partnership that is either traded on an established securities market or readily tradeable on a secondary market. PTP investments appear as

A simple, flexible and tax-efficient way to give to your favorite charities. ​A donor-advised fund is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities or other assets to a donor-advised fund at a public charity, like Fidelity

Use QCDs to manage your required minimum distributions from an IRA. A qualified charitable distribution (QCD) allows individuals who are 70½ years old or older to donate up to $100,000 total to one or more charities directly from a taxable IRA instead of taking their required minimum distributions. As a