Help Older Adults Avoid Financial Scams

There are a variety of scams and fraudulent schemes that target older adults. IRS impersonation scams are the most prevalent scams targeting older adults, but financial scams can take a variety of forms. Unfortunately, funds stolen as a result of these scams are often never recovered. You can ensure this doesn’t happen to your loved […]

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Municipal Bonds: An Investment with Tax Breaks

Everybody likes getting something for free, and taxes are no different. Investing in securities like municipal bonds (sometimes referred to by the nickname “munis”) or municipal bond funds generates tax-free interest income. Here is what you need to know. Tax advantages of municipal bonds You pay zero federal tax on municipal bond investment income. Depending […]

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IRS Alert: Two New Tax Scams

The IRS remains on the lookout for tax scams that can hoodwink unsuspecting taxpayers. Recently, two new variations of past scams have been discovered to be on the rise. Here’s what you need to know: Scam 1: The SSN hustle The scam: This scam resembles another where callers impersonate IRS agents. In this version, the […]

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Cash Flow Tips for Small Businesses

It’s sad, but true: Half of all new businesses fail within the first five years. Although lots of factors contribute to business failure, a common culprit is poor cash management. All businesses must deal with the uncertainty of fluctuating sales, inventories and expenses, but managing these risks is especially important for small businesses with limited […]

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Effective Tax Planning Starts Now

With summertime activities in full swing, tax planning is probably not on the top of your to-do list. But putting it off can create problems at the end of the year when there’s little time for changes to take effect. If you take the time to plan now, you’ll have six months for your actions […]

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2020 Health Savings Account Limits

A Health Savings Account (HSA) is a tax-advantaged savings account whose funds can be used to pay qualified health care costs for you, your spouse and your dependents. The account is a great way to pay for qualified health care costs with pre-tax dollars. In fact any investment gains on your funds are also tax-free […]

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Three Ideas for Charitable Deductions

The Tax Cuts and Jobs Act of 2017 (TJCA) made significant changes to how most people calculate their taxes, including a doubling of the standard deduction. One of the results of these changes is that a lot of people are under the impression that there are no longer any tax benefits given for charitable contributions. […]

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New Rules for Business Travel Deductions

Business travel is still tax-deductible, under the Tax Cuts and Jobs Act of 2017 (TCJA), but there is a major difference now. Relatively few individuals will be able to claim such deductions; for the most part, deductions can be taken only at the company level. How is this different from prior law? Before the TCJA […]

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