E-NEWSLETTER
Sign up for our newsletter and receive the latest tax updates and due date reminders.
 

Eldercare Can Be a Medical Deduction

With people living longer, many find themselves becoming the care provider for elderly parents, spouses and others who can no longer live independently. When this happens, questions always come up regarding the tax ramifications associated with the cost of nursing homes or in-home care.

more

Reverse Mortgages - A Cash Flow Solution for Seniors
Some retirees are faced with mounting debt and inadequate income.  What options do these seniors have, especially if they have a mortgage on their home and their retirement income is too low to cover the mortgage payments and have enough left over to have some enjoyment in their golden years?

more

Bunching Your Deductions Can Provide Big Tax Benefits
If your tax deductions normally fall short of itemizing your deductions or even if you are able to itemize, but only marginally, you may benefit from using the “bunching” strategy.

more

3 Ways to Improve Your Budgeting and Forecasting
Budgeting and forecasting are two of the most important financial exercises performed by businesses, regardless of their size. Unfortunately, they are also two exercises that many businesses fail to perform accurately or efficiently.

more

Receiving Social Security Can Be Taxing
Generally, your Social Security (SS) benefits are not taxable until your modified adjusted gross income (MAGI) is more than the base amount for your filing status. MAGI is your regular AGI (without Social Security income) plus 50% of your Social Security income plus tax-exempt interest income plus certain other infrequently encountered modifications.

more

XML ButtonWhat's This? Bookmark and Share PDF