For Individuals
A tax break for Seniors
Sometimes Congress actually gets something right! This happens so rarely that I wanted to write a special blog post on it. Clients who have followed our advice over the years tend to retire with no mortgage debt and few out-of-pocket medical expenses. This leaves their charitable contributions as the main source of itemized deductions to…
Read MoreA tax shelter like no other
The only tax shelter that you can deduct contributions and not be taxed on distributions.
Read MoreFreedom in Georgia declines by 25%
Just how free are you? It may depend on where you live.
Read MoreDid you think the 50% tax rate was gone?
The other tax date in April – this one can cost you 50!
Read MoreDon’t let your deduction get washed out
How the “wash sale” rules can cancel your current year write-off
Read MoreWhat simple math can tell you about Social Security
You don’t have to be a genius to know what simple math ratios indicate is happening to social security. Just take a look at the chart below, and you’ll know why you can’t trust Social Security exclusively for your retirement. [lightbox link=”https://elitecpatax.com/wp-content/uploads/2016/01/numberssworkers.jpg” thumb=”https://elitecpatax.com/wp-content/uploads/2016/01/numberssworkers-940×673.jpg” width=”940″ align=”left” title=”numberssworkers” frame=”true” icon=”image” caption=””] Planning now is always better than…
Read MoreIf you win the powerball lottery . . .
If you win the powerball . . . how much state tax is due?
Read MoreThe long, long, arm of Uncle Sam
How the government redistributes your income
Read MoreDoes it ever pay to be just average?
Here are the average tax deductions by income level according to the IRS
Read MoreNow you see it . . .now you don’t
A magic trick by Congress!
Read More