by Christina Minton | May 16, 2022 | Planning
Avoid tax surprises with a simple review With tax season in the rear view mirror, now is the time to take a hard look at your federal and/or state withholdings to ensure next year’s tax bill does not surprise you. A review is more important than ever There are a...
by Christina Minton | Mar 14, 2022 | Planning
Getting this wrong can cost you One of the more common tax questions is whether you need to file a federal tax return this year. The answer is: it depends. But not filing a tax return when you should can cost you plenty. Here are some quick tips to help you determine...
by Christina Minton | Feb 14, 2022 | Planning
I did not owe that last year! Picture this: For the past few years you’ve received your tax return and have had a small but nice refund. Now imagine your surprise, when this year, you are required to send in a fairly big check to settle your tax bill. Believe it...
by Christina Minton | Dec 27, 2021 | Planning
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...
by Christina Minton | Dec 13, 2021 | Planning
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...
by Christina Minton | Dec 6, 2021 | Planning
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...
