Newsletters


CURRENT EDITION: 2018 YEAR END NEWSLETTER


PDF Version:  2018 CUTLERSS Year End Newsletter

Featuring:

Checklist to Cut Your 2018 Taxes

Review of the 2018 Rules for Itemizing Your Deductions

IRS Announces Higher Retirement Plan Limits for 2019

Social Security Max Increases to $132,900 for 2019

Buying and Selling Mutual Funds – Beware of Year End Distributions

Time to Take a Good Look at HSAs

 


PREVIOUS EDITION: 2018 FALL NEWSLETTER


PDF Version: 2018 CUTLERSS Fall Year Newsletter

How the New Tax Law May Impact Taxpayers with High Incomes, Dependents or Complex Returns

The Tax Cuts and Jobs Act, the tax reform legislation passed last December, made major changes to the tax law, including increasing the standard deduction, removing personal exemptions, increasing the Child Tax Credit, limiting or discontinuing certain deductions and changing tax rates and tax brackets. {Read more}

IRS Introduces New Tax Transcript to Better Protect Taxpayer Data

The IRS has recently launched a new format for individual tax transcripts to protect taxpayer data from unauthorized disclosure and theft. {Read more}

Are Scholarships and Fellowships Taxable?

We recently received an interesting question from a client that we know many of you may have as well: 

“My daughter-in-law is doing a PhD and has an NSF Fellowship from the government.  Interestingly, the government does not take out taxes nor provide a W2 or 1099 form. {Read more}

Are You Prepared for a Disaster?

The New Section 199A Qualified Business Income Deductions 

Section 199A qualified business income deduction is available from 2018 to 2025. Taxpayers may deduct 20% of Qualified Business Income from Partnerships, S Corporations, Sole Proprietorships (Schedule C’s) and Real Estate Rental Activities (Schedule E’s). This deduction was enacted to help pass-through entities who didn’t receive the benefit of 21% C-corporation tax rate. {Read more}

 


PREVIOUS EDITION: 2018 MID YEAR NEWSLETTER


PDF Version: 2018 Mid Year Newsletter – Cutler SS

IRS Explains Deducting Mortgage & Equity Loan Interest

The Internal Revenue Service advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans. {Read more}

This Year’s Most Interesting Tax Season Observations

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 their taxes would change under the new rules that took effect on January 1st. {Read more}

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 have caused them to become increasingly more popular in recent years. {Read more}

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 deduction for those charitable contributions you will be making in the next year. {Read more}

 


SPECIAL POST: WHAT TO DO ABOUT THE EQUIFAX DATA BREACH


 


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