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The Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE Act”) was passed by Congress and signed into law by President Trump on December 20, 2019. The SECURE Act takes effect on January 1, 2020, and will have far reaching impact for...
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Every investor will incur losses now and then. Tax loss harvesting is a strategy for maximizing the tax benefits associated with capital losses. Capital losses must be recognized before December 31st in order to lower this year’s tax bill.
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The Internal Revenue Service today announced the tax year 2020 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
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It’s important to revisit your tax withholding, especially if major changes from the Tax Cuts and Jobs Act affected the size of your refund this year. Even if you did a Paycheck Checkup last year, you should do it again to account for differences from TCJA or life changes.
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Readers of this blog already know I am a long-time car enthusiast. My passion for all things auto began when I was in high school (a little over 40 years ago -- ouch!). Like most of my high school gear-head cohorts, my first car crush was on muscle cars from the late 60’s and early 70’s...
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Gifts to minors can do a world of good or unintended harm. If structured properly, gifts can be used to pay for educational expenses, provide a financial foundation for the future, or help cover special need expenses. By contrast, poorly structured gifts can...
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