Tax Benefits for New Parents

I was blessed with my first two grandbabies this summer! (Stone Alexander and Grace Jenna) While Grammie won’t realize any tax benefits from the birth of these two babies, their parents will become eligible for a whole new set of tax breaks.   Dependents   Claiming your son or daughter as a dependent will shelter[…]

Mid-Year Tax Planning

Summer is here, 2016 is half over, and it’s a great time to organize your taxes. It seems most of my clients wait until January to look for their records, organize their charitable donations, and review investment accounts.  While it may not be fun to spend a Saturday afternoon in July reviewing your tax records,[…]

Section 179 Expensing Election in 2014

This time of year, smart business owners begin their year-end tax planning.  During the last ten years, Congress has allowed a large Section 179 election for businesses. Under the provisions of Section 179, qualifying property placed in service during the tax year may be immediately expensed, rather than depreciated over its useful life.  In 2013,[…]