Have Significant Medical Deductions?

If you or your parents have significant medical tax deductions this year, consider this year-end tax saving idea. It is not unusual for elderly taxpayers to incur significant qualified tax-deductible medical expenses in a year related hospital stays, home healthcare...

Student Loan Repayment Program Update

For taxpayers and borrowers making student loan payments, they should check out the Saving on a Valuable Education (SAVE) Plan that partially went into effect this past summer.  The SAVE Plan replaces the Revised Pay As You Earn (REPAYE) Plan.  Additional SAVE Plan...

Stay Safe Shopping Online This Holiday Season

Shoppers need to remain on the alert for internet predators and scam artists while working on their holiday shopping list this time of year.  As a helpful guide, the IRS has posted the following tips on their website to help protect shoppers doing their on-line...

Ten Tips to Cut Your 2023 Taxes

As the year winds down, now is the time to take steps to cut your 2023 tax bill while being mindful to not defer so much taxable income that you push yourself into the next tax bracket in 2024. Prior to December 31st: Increase your 401(k) and 403(b) contributions if...