Tag Archives: tax
Is Your Financial Plan Ready for the Future?
It is easy to have a “glass is half empty” perspective on the economy after another year that was relatively flat in terms of market performance. Some may say “there is no water in the glass.” The past five years … Continue reading
New Medicare Tax
Beginning in tax year 2013, a new Medicare tax of 3.8% will be applied to all unearned income of high income tax payers. “High Income” is defined as married couples with more than $250,000 of Adjusted Gross Income (AGI) and … Continue reading
Tax Deductions & Debt Restructuring
Recently, I was faced with an interesting situation relating to a client with two vacation homes and a primary residence. This client also had second mortgages that were used to improve all three of the homes. The challenge? You can only deduct the interest on one primary house and one … Continue reading
Tax Rules Relating to Qualified Plans and IRA’s
Many clients are surprised by how complicated the tax rules are as they relate to Qualified Plans and IRA’s. These plans are the best way to save money for retirement, but may be heavily taxed if you are unaware of … Continue reading
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