Yearly Archives: 2018

A New Opportunity to Defer (and Possibly Wipe Out) Capital Gains Tax

One of the most interesting wrinkles of the Tax Cuts and Jobs Act, passed last December, was the creation of Opportunity Zones. According to the IRS, Opportunity Zones are particular distressed communities throughout the country in need of economic revitalization. 

Posted in 2018 Year End Newsletter

Buying and Selling Mutual Funds at Year End – Be aware of Year-End Distributions

With the year-end upon us, many investors see it as the time to rebalance their investment portfolios.  However, savvy investors need to be aware of just when the timing is “right” or “wrong” to make that buy or sell trade

Posted in 2018 Year End Newsletter

Checklist to Cut Your 2018 Taxes

It’s not too late to cut your 2018 tax bill.  Prior to Dec. 31st: Increase your 401(k) and 403(b) contributions if you haven’t been contributing at the maximum rate all year. This year you can put away up to $18,500

Posted in 2018 Year End Newsletter

New Rules for Small Business Energy Exemption

As of January 1, 2019, the process for claiming a small business energy exemption will be changing.  For 2019 and later years, small businesses will apply online for an exemption certificate rather than submitting Form ST-13 to their energy provider. 

Posted in 2018 Year End Newsletter

Buying and Selling Mutual Funds at Year End – Be aware of Year-End Distributions

With the year-end upon us, many investors see it as the time to rebalance their investment portfolios.  However, savvy investors need to be aware of just when the timing is “right” or “wrong” to make that buy or sell trade

Posted in 2018 Year End Newsletter

It’s Open Enrollment Season. Time to Take a Good Look at HSAs

To the best of my knowledge, contributing to a Health Savings Account (HSA) is the only investment opportunity that allows for tax-deductible contributions and tax-free withdrawals. Please note that only individuals with a qualifying high-deductible health insurance in place are

Posted in 2018 Year End Newsletter, November 2018 Newsletter

2018 & 2019 Tax Facts

For 2018, the standard deduction for a single individual is $12,000 and for a married couple is $24,000. A person will benefit by itemizing once allowable deductions exceed the applicable standard deduction. Itemized deductions include state and local income taxes

Posted in November 2018 Newsletter