Blog – Tax Planning

Tax Savings Considerations

It is the middle of November, and we still do not have a passed tax bill to know if there are any changes for 2021 and the potential changes for 2022. I have some recommendations that can be advantageous regardless of what the final tax bills might say – and even if nothing changes, they […]

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Year-End Planning

I know that it is only the end of October and we are talking about Christmas shopping and being concerned about getting those great gifts. I cannot think of the holiday season without immediately thinking of year-end recommendations for your financial wellbeing. Since I am also concerned this year with “everything” seeming to take longer […]

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Student Loans – Facts & Myths

There is a tremendous amount of conversation occurring about student loans – from those attending college, those who recently graduated, and those who graduated years ago. Let’s see if we can define some of the information surrounding student loans.

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Looking Forward

Are we headed towards a repeat of 2008? We are watching a blossoming real estate market. Local real estate listings are staying on the market for an average of 17 days. We see several sellers finding themselves in bidding wars and selling their houses for more than market price. Buyers find themselves shut out of […]

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Selling Your Home or other Real Estate?

It seems like a good time with booming real estate sales to talk about the potential taxation of selling a piece of property. To determine if there is any taxable gain, you must first understand your basis.

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Are You Owed Money?

There was a recent announcement that in the last 12 months, there were $58 billion added to unclaimed funds. And this is not unusual – generally, over $50 billion gets added to unclaimed funds annually. NYS is currently holding over $18 billion in its state treasury alone.

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Qualified Charitable Distributions (QCDs)

We are all continually looking for ways to save tax dollars. With the 2018 increase in the standard deduction, many individuals switched from itemizing their deductions to the standard deduction. When you take the standard deduction, you do not get a deduction for property and school taxes, medical expenses, or mortgage and home equity loan […]

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Charitable Options that Can Save Taxes

The pandemic and other disasters like the local floods in 2005 and 2011, Hurricane Katrina, 9-11, and more show how generous Americans can be. Most want to give regardless of the tax deduction- and yet the tax deduction can also make it more advantageous.

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Revive your Financial Resolution

Financial resolutions are only 2nd to weight loss resolutions as we come into a new year. By now, many of us have given up on our resolutions. For two reasons, this year, more than ever, you should consider paying extra attention to your financial resolutions and your finances in general.

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Time for Spring Cleaning

Spring is upon us, hopefully, we are through with snow for the year. Many individuals see this as a time to do spring cleaning – and certainly is a great time to get rid of paperwork that is no longer needed. What can you get rid of? What should you keep?

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