Casualty Losses May No Longer be Tax Deductible
The Tax Cuts and Jobs Act made some significant changes for individuals taking deductions on personal casualty losses after a disaster. hensslervideo_insurance
Tax Cuts and Jobs Act: Impact on Businesses
The Tax Cuts and Jobs Act made some significant changes for businesses, including lower corporate tax rates, provisions for pass-through entities, expanded Section 179 expensing and bonus depreciations, and provisions for foreign income. We explain in this week’s Business Tip.
The Kiddie Tax Ensures the IRS gets Some of Your Child’s Unearned Income
In Today’s Marietta Daily Journal, Bil Lako, CFP®, explains the changes to the Kiddie Tax that discourages parents from shifting income-producing assets to a child. Read the Article
Will Your 2018 Withholding Be Right?
With the late passage of the Tax Cuts and Jobs Act, the IRS is scrambling to update withholding tables for employers. Keep an eye on your net pay. If the change is too radical you could end up owing tax. We explain in this week’s Tax Tip.
Tax Cuts and Jobs Act: 529 Plan Transfers to ABLE accounts
529 Plan account owners can now transfer funds without federal tax consequences from a 529 plan to an ABLE account, a tax-advantaged account for disability-related expenses for individuals who become blind or disabled before age 26. We explain in this week’s Financial Tip.
Kiddie Tax
The Tax Cuts and Jobs Act made some significant changes in the way a child’s income is taxed. hensslervideo_tax
The Kiddie Tax Ensures the IRS Gets Some of Your Child’s Unearned Income
Managing Associate, D.J. Barker, CWS®, joins anchors Troy Harmon, CFA, CVA, and Shawna Theriault, C.P.A., CFP®, CDFA®, to discuss how the Tax Cuts and Jobs Act changed the Kiddie Tax and highlight what you need to know if your child has unearned income.
Market Roundup: Hello Volatility, My Old Friend
Indices closed in the red zone on Monday, as the Utilities and Energy sectors lagged on the S&P 500. The slip continued Tuesday with the major indices closing the session in red territory. Energy brands dipped on a slip in crude oil prices. Midweek, the indices rebounded up off back-to-back downswings with stocks stepping up on a variety of economic news.
Market Update for February 2018
The Henssler Research Analysts take a look at the last economic reports for the month of January 2018, including economic trends, and the health of the consumer. They also take a look at whatm 2018 holds with tax reform, actions the Fed might take, and where the markets might go. hensslervideo_personal_finance
Immediate Tax Benefit for Capital Expenditures
In today’s Marietta Daily Journal, Bil Lako, CFP® explains how businesses can upgrade their equipment and take a much larger tax write-off in 2018. Read the Article