Blog Archives

Tax Benefits of Establishing a Donor Advised Fund (DAF)

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

Posted in 2018 Mid Year Newsletter

HSAs Make a Great Buy and Hold Proposition

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

Posted in 2018 Mid Year Newsletter

This Year’s Most Interesting Tax Season Observations

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

Posted in 2018 Mid Year Newsletter

IRS Explains Deducting Mortgage & Equity Loan Interest

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

Posted in 2018 Mid Year Newsletter