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Leveraging Kiddie Tax Rules
Tax saving tips for parents AND grandparents Now is the time to take action on reducing next year's tax bill. One area to help reduce your tax obligation is leveraging your kids to the fullest by understanding the kiddie tax rules. Background The term kiddie tax was...
Postpone Taxes with a Like-Kind Exchange
The real estate boom creates opportunity The tax law provides a valuable tax-saving opportunity to business owners and real estate investors who want to sell property and acquire similar property at about the same time. This tax break is known as a like-kind or...
Plan Your 2022 Retirement Contributions
As part of your planning for next year, now is the time to review funding your retirement accounts In 2022. With the cost of living calculations and increases in inflation, higher phaseout limits make many more taxpayers eligible for fully deductible contributions. So...
15 Year-End Tax Tips
It's that time again! The final chance to reduce your annual tax bill is here. Spend a few minutes considering the following ideas: 1. Make last minute charitable donations. 2. Review and maximize use of the $15,000 annual gift giving limit. 3. Review your investment...
Tips to Maximize the Value of a Car Donation
A little mistake could cost you plenty At the end of the year you will be inundated with commercials to donate a vehicle to charity. While it is one of the biggest contributions a taxpayer can make, if not done carefully, the tax deduction of a donated vehicle could...
2022 Health Savings Account Limits
New contribution limits are on the horizon The savings limits for the ever-popular health savings accounts (HSA) are set for 2022. The new limits are outlined here with current year amounts noted for comparison. So plan now for your contributions. What is an HSA? An...
Have Questions About the New Tax Laws?
Tina Minton is available to share with your business team or service organization. Her 30-minute presentation is ideal for sales meeting, lunch and learn, or other events. Please contact Brea at 757-546-2870 to schedule.
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