Income Tax 101: What’s Taxable?
Most people are familiar with income tax because each year they are required to file a tax return. But that’s only a sliver of what they actually pay. Some taxes are automatically deducted from your paychecks or when you buy something from the store, while others only apply under special circumstances. Plus, you might not Read more ➝
Trusts Might Give You Flexibility and Lower Taxes
We can do good to others and do well for ourselves in reducing taxes. Many people who already know which causes they should champion can benefit from straight gifts to charities. Yet, many other people also desire to do good, but they are unsure how and when to donate. Other people are willing to help Read more ➝
2018-19 Tax Guide: Don’t Get Trumped by the Tax Reform
On December 22, 2017, the most sweeping tax legislation since the Tax Reform Act of 1986 was signed into law. The Tax Cuts and Jobs Act (TCJA) makes small reductions to income tax rates for most individual tax brackets. This includes reducing the top rate from 39.6% to 37%, and substantially reduces the income tax Read more ➝