Making Sense of the Tax Reform Proposals

With the year-end quickly approaching and time running out on whether or not a major tax overhaul will be enacted before December 31, year-end tax planning has become a big question mark in recent weeks.  However, with the Senate passing the “Tax Cuts and Job Act” by...

Social Security Max Increase to $128,700 for 2018

Most years, the government bumps up the maximum Social Security taxes that you can pay.  For 2018, the maximum wage base jumps to $128,700, an increase of $1,500, or 1.2%, over the max of $127,200 that was in place for 2017. The Social Security Administration predicts...

Tax & Financial Planning Calendar for Nov. 2017

Month Income Taxes Saving and Investing November Need to make applicable elections in connection with employer’s flexible spending account Good time to make semi-annual donation of clothing and household items to charitable organizations.  Don’t forget to...
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