Part 6 Qualified Opportunity Zone Although the capital gains rates are attractive, some taxpayers prefer to defer paying ANY tax to a later time. TCJA added a new way to defer the tax on capital gains for up to seven … Continue reading →

Part 5 Retirement Contributions As always, as an individual taxpayer you should consider making your maximum allowable contributions for the year to their IRAs, 401(k) plans, and other tax-advantaged retirement accounts. For 2019, you can contribute up to $19,000 to … Continue reading →

Part 4 Capital Gains If you have under performing stocks that you have owned less then a year by selling them you can take the loss against your income. If you have owned the stock longer then a year we … Continue reading →

Part 3 Charitable Deductions A couple of things to keep in mind as we have been talking about, with the new increased standard deduction, saving your donating or bunching them together in one year and skipping the next year may … Continue reading →

Part 1 The leaves are now full of color. Kids are back to school. A new year is right around the corner. It is time to consider your year-end tax planning? We know that the changes under the Tax Cuts … Continue reading →