Category: 2018 Mid Year Newsletter

Sign up now for our FREE financial boot camps. You won’t break a sweat like those gym boot camps, but you will become financially stronger and learn how to flex your money muscles! All events are online and begin at 12 noon. For more info and to RSVP, please visit http://www.SchwartzAccountants.com/events or use the links… Continue reading Upcoming Financial Boot Camps

By Alex Oliver, Investment Advisor, First National Corporation Volatility returned to the markets this past quarter as fears of inflation, trade wars, and privacy issues with technology companies flooded the headlines. The S&P 500 fell as much as 10%, the first time in fifteen months this has happened. After the steep rise in stocks with… Continue reading Trade Rhetoric Buries Strong Economic Fundamentals

From IRS NEWS – Issue IR-2018-32 The Internal Revenue Service advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans. Responding to many questions received from taxpayers and tax professionals, the IRS said that despite newly-enacted restrictions on home mortgages, taxpayers can often still deduct interest on a… Continue reading IRS Explains Deducting Mortgage & Equity Loan Interest

Are you a Trump Tax Bill “tweener”, a taxpayer making sizable charitable contributions each year but with the new tax law recently enacted at the end of 2017, no longer being able to itemize your deductions nor claiming a tax deduction for those charitable contributions you will be making in the next year. With the… Continue reading Tax Benefits of Establishing a Donor Advised Fund (DAF)

Are you aware that there is an investment option available that allows for tax-deductible contributions and also for tax-free distributions? First introduced back in 2004, Health Savings Accounts offer individuals that unique winning combination. The favorable tax advantages of HSAs have caused them to become increasingly more popular in recent years. To be eligible to… Continue reading HSAs Make a Great Buy and Hold Proposition

by Andrew D. Schwartz, CPA, Founder of The MDTAXES Network This year’s most interesting observation actually has more to do with next year’s taxes.  The tax software we use comes with a Tax Projection option, and I prepared a 2018 tax projection for many of the clients I met with during the winter to see how… Continue reading This Year’s Most Interesting Tax Season Observations

From IRS NEWS – Issue IR-2018-32 The Internal Revenue Service advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans. Responding to many questions received from taxpayers and tax professionals, the IRS said that despite newly-enacted restrictions on home mortgages, taxpayers can often still deduct interest on a… Continue reading IRS Explains Deducting Mortgage & Equity Loan Interest