You May Not Get a Tax Refund Next Year
Tax reform made some sweeping changes to the tax brackets, withholding tables and deductions. You may need to prepare to NOT receive a refund! We explain in this week’s Tax Tip.
Direct Your State Taxes to Rural Hospitals and Receive a Charitable Donation Deduction
In today’s Marietta Daily Journal, we explain how you can direct the money you’d pay in state income tax to fund rural hospitals in Georgia and get credit for a charitable donation on your federal returns. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on…
Mid-Year Planning: Tax Changes to Factor In
Tax reform made a bunch of changes that affect nearly every taxpayer. Learn some of the new rules you need to factor in to your mid-year tax planning in this week’s Tax Tip.
Direct Your State Taxes to Rural Hospitals and Receive a Charitable Donation Deduction
Tax Manager John Dickson, C.P.A., CVA, CFP®, joins Troy Harmon, CFA, CVA, and K.C. Smith, CFP®, to share some unique tax opportunities for Georgia residents: Georgia Film Credits and Georgia’s Rural Hospital Tax Credit. He explains the benefits of applying for tax credits and how the Rural Hospital Tax Credit can also qualify for a charitable deduction on your federal return.
Tax Reform: Generation-Skipping Transfer Tax
An individual can protect up to $11.18 million from the generation-skipping transfer tax, but unlike estate tax, it’s not portable between spouses. We explain in this week’s Tax Tip.
Tax Reform Adds New Perks to ABLE Accounts
The tax reform laws increased how much you can save to an ABLE account for individuals who are blind or disabled. We explain in this week’s Tax Tip.
Cryptocurrencies and Taxes
Just because your cryptocurrency is anonymous doesn’t mean you may not owe taxes on your investment or transactions. We explain in this week’s Tax Tip.
The College Landscape After Tax Reform
Despite proposals to the contrary, the tax reform law did not radically change the tax breaks for higher education. Read the changes that were made in this week’s Financial Tip.
Tax Reform Limits Exchanges to Defer Taxes
Section 1031 exchanges, also known as like-kind exchanges, are now limited to real estate. We explain in this week’s Business Tip.
Is Bunching Right for You?
Are your itemized deductions typically roughly equal to the new standard deduction amount? If so, think about using a tax strategy known as bunching. Learn more in this week’s Tax Tip.