2017 Mid-Year Newsletter

Over 50? Your Savings Gets Better With Age

Wisdom isn’t the only benefit you get with age. Starting the year you turn 50, you can make these additional “catch-up” contributions towards your retirement accounts: Up to $6,000 more for 401(k), 403(b), SARSEP, or governmental 457(b) Up to $3,000 more for SIMPLE IRA or SIMPLE 401(k) Up to $1,000 more for traditional or Roth… Continue reading Over 50? Your Savings Gets Better With Age

2017 Mid-Year Newsletter

This Year’s Most Interesting Tax Season Observations

by Andrew D. Schwartz, CPA, Founder of The MDTAXES Network At some point during each tax season, there is a moment when I notice a recurring trend or theme that is unique and fascinating to that specific tax season. So what is this year's most interesting trend? For the 2017 tax season, what I found most… Continue reading This Year’s Most Interesting Tax Season Observations

2017 Mid-Year Newsletter

Buying a New Fuel-Efficient Car in 2017?

The IRS still offers tax credits up to $7,500 on all-electric and plug-in hybrid cars that you would claim on your 2017 tax return. The vehicle must: weigh less than 14,000 pounds, have at least four wheels, be propelled to a significant extent by an electric motor that draws electricity from a battery that has… Continue reading Buying a New Fuel-Efficient Car in 2017?

2017 Mid-Year Newsletter

Save Yourself $125 or More Next Tax Season If You Have Working Kids

The IRS wants to help parents of working children avoid the headaches and costs of preparing tax returns for their kids who won't earn enough to be taxed.  All you need to do is have your child write the word "Exempt" in Box 7 of the Form W-4 that is generally completed the first day of employment. … Continue reading Save Yourself $125 or More Next Tax Season If You Have Working Kids

2017 Mid-Year Newsletter

It’s Time to Get Your Mid-Year Tax Projections

Want to make sure you’re taking steps to reduce your tax burden for 2017? Do you have self-employment income, multiple sources of income, a job change or unexpected income in 2017? If so, our Mid-Year Tax Projection Service will help! We’ll calculate a mid-year tax projection, adjust your estimated tax payments if beneficial, and strategize… Continue reading It’s Time to Get Your Mid-Year Tax Projections

2017 Mid-Year Newsletter

Save Yourself $125 or More Next Tax Season If You Have Working Kids

The IRS wants to help parents of working children avoid the headaches and costs of preparing tax returns for their kids who won't earn enough to be taxed.  All you need to do is have your child write the word "Exempt" in Box 7 of the Form W-4 that is generally completed the first day of employment. … Continue reading Save Yourself $125 or More Next Tax Season If You Have Working Kids

2017 Mid-Year Newsletter

Maximize Tax Deductions During Your Summer Travels

With the summer travel season nearly upon us, here are some tips and rules about deducting business travel expenses: Travel expenses are the ordinary and necessary expenses of traveling away from home for your business, profession, or job. You are traveling away from home if your duties require you to be away from the general area… Continue reading Maximize Tax Deductions During Your Summer Travels

2017 Mid-Year Newsletter

This Year’s Most Interesting Tax Season Observations

by Andrew D. Schwartz, CPA, Founder of The MDTAXES Network At some point during each tax season, there is a moment when I notice a recurring trend or theme that is unique and fascinating to that specific tax season. So what is this year's most interesting trend? For the 2017 tax season, what I found most… Continue reading This Year’s Most Interesting Tax Season Observations

2017 Mid-Year Newsletter

Over 50? Your Savings Gets Better With Age

Wisdom isn’t the only benefit you get with age. Starting the year you turn 50, you can make these additional “catch-up” contributions towards your retirement accounts: Up to $6,000 more for 401(k), 403(b), SARSEP, or governmental 457(b) Up to $3,000 more for SIMPLE IRA or SIMPLE 401(k) Up to $1,000 more for traditional or Roth… Continue reading Over 50? Your Savings Gets Better With Age

Uncategorized

5 Myths Your Landlord Want You To Believe

It can be difficult to discern fact from fiction when dealing with landlords. A misunderstanding of these key issues can have serious consequences for your practice. The following information should help dispel some common myths and prevent costly mistakes in your next lease negotiation. Myth #1: The Landlord Is On Your Side Many landlords attempt to befriend their… Continue reading 5 Myths Your Landlord Want You To Believe

Uncategorized

Save $125 or More Next Tax Season If You Have Working Kids

The IRS wants to help parents of working children avoid the headaches and costs of preparing tax returns for their kids who won't earn enough to be taxed.  All you need to do is have your child write the word "Exempt" in Box 7 of the Form W-4 that is generally completed the first day of employment. … Continue reading Save $125 or More Next Tax Season If You Have Working Kids

Uncategorized

Maximize Tax Deductions During Your Summer Travel

With the summer travel season nearly upon us, here are some tips and rules about deducting business travel expenses: Travel expenses are the ordinary and necessary expenses of traveling away from home for your business, profession, or job. You are traveling away from home if your duties require you to be away from the general area… Continue reading Maximize Tax Deductions During Your Summer Travel