Bunch Your Deductions and Get a Bigger Bang for Your Buck

Certain expenses can only be deducted as itemized deductions on your personal tax return if they exceed a threshold percentage of your AGI. For medical expenses, this is 10% if you’re under 65, 7.5% if you’re over 65. If you’ve got some…
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Still need to take your RMD? Put it to work for good and save taxes

Thanks to the PATH Act, passed by Congress at the end of 2015, you can take the Required Minimum Distribution (RMD) from your IRA by transferring up to $100,000 directly to a qualified charity. A Qualified Charitable Distribution (QCD) counts…

Track Your Miles to Save Taxes

The IRS allows deductions for driving your car for business, charitable or medical purposes. Business mileage includes driving from one job to a second job, driving from your workplace to a client’s place of business, and driving to perform…

Save IRS Penalties by Adjusting Your Withholding Now

Has this year been especially good for you financially? Was your business more profitable this year? Did your investments pay out big dividends or capital gains? Or did you receive an unexpected windfall? If you answered yes to any of these,…