There are multiple opportunities at the end of the year to make sure you close out 2019 right. Since most year-end planning opportunities have firm deadlines—often December 31st—acting now can help ensure you don’t leave money on the table. It’s not all upside though: Failing to take certain actions can mean penalties in…
Category: Taxes
High Deductible Healthcare Plans (HDHPs) used to be for people who were willing to receive fewer health insurance benefits to get a lower payment. If you were okay having to pay for routine medical expenses out of pocket and only wanted insurance to cover the occasional big ticket items, you could elect to have a high…
2017 tax returns are Due April 17th, 2018. Should you file before then? Remember that massive data breach in 2017? This could have a significant impact on your decision to file early. If you don’t remember, in 2017 there was a huge security breach at the credit reporting company Equifax that exposed sensitive information, such as Social…
The federal government has passed a new tax law that will take effect in 2018. One of the changes is that they are limiting deductions for state and local taxes to $10,000. What does this mean? This means that when you go to pay your taxes for 2018 (filed by April 15th, 2019), you will…