Tax Articles
Income Tax Planning in Light of Increased Federal Estate Tax Exemption
Posted by Cheryl A. Jankowski on September 22, 2022
In light of the changes to the federal estate tax thresholds, income tax planning is now even more important. Also, consider that state tax laws including New York can impact your short and long term goals.
Q4 Tax Calendar: Deadlines for Employers
Posted by Kristin Re’ on September 22, 2022
Follow these 4th Quarter deadlines to stay compliant with federal tax deadlines and possible deadline changes based on prior activity.
Seller Paid Mortgage Points - Are they Deductible?
Posted by John Anderson on September 13, 2022
There are plenty of rules surrounding seller paid mortgage points; learn the basics of the points, limits, and the tax aspects.
Financial Protections for Family Members with Disabilities
Posted by Amanda Ornowski on September 09, 2022
Estate and financial planning can be tricky if you have a disabled family member. ABLE accounts and special needs trusts (SNT’s) can help provide for their needs without jeopardizing federal government benefits. Learn how they work here:
CHIPS Act Offers 25% Credit for Production of Semiconductors
Posted by Jonathan Roller on September 06, 2022
The CHIPS Act aims to bolster semiconductor production and economic competitiveness. Among its provisions are funding initiatives and an investment tax credit for manufacturing facilities and equipment.
Energy Tax Credits from the Inflation Reduction Act
Posted by Angela Miles on September 01, 2022
If you’re interested in purchasing energy-saving property for your home or an electric vehicle, you may qualify for a tax break under the new Inflation Reduction Act. Here are the basic rules.
What Small Businesses Need to Know About the Inflation Reduction Act
Posted by Kerry Roets on September 01, 2022
The new Inflation Reduction Act provides small businesses with an incentive to increase their investments in research.
Rules for Deducting Home Office Expenses
Posted by Hayden Coll on September 01, 2022
Many people started working from home during the pandemic and have continued working out of home offices. Some of them qualify for home office deductions, but unfortunately, not all of them do. Here are the rules.
A Solo 401(K) Retirement Plan is a Favorable Option for the Self-Employed
Posted by Kelsey Weigel on August 31, 2022
If you run a one-person small business, you might be able to build a bigger retirement nest egg with a solo 401(k) plan. Here are the basic rules.
Create a Legacy with a Family Education Trust
Posted by Cheryl A. Jankowski on August 30, 2022
If the upcoming back-to-school season has got you thinking about providing for your grandchildren’s educational needs, consider a family education trust.