Blog Archives

7 Easy Ways to Decrease Your Income Tax and Keep More Money

Posted in Tax News on July 24, 2012

1) Maximize Your Contributions to Your 401(k) Plan Many employers will offer a 401(k) plan. Employees need to take advantage of this plan. This will likely be one of the cornerstones of your retirement plan. If your employer offers a…

Tagged with: 401(k) Plan, 529 Plan, Appreciated Property, Bonds, Capital Gains, Charitable Contribution, College Savings 529 Plan, Congress, Connecticut Income Tax, Connecticut Labor Department, Connecticut municipal bonds, Donation, Income Tax, ira, Long Term Capital Gains, Municipal Bonds, Mutual Funds, Ordinary Income, Required Minimum Distribution, retirement plan, RMD, roth conversion, roth ira, Short Term Capital Gains, Stocks, Tax Deduction, Wealth Transfer

7 Smart Year End Tax Planning Moves

Posted in Tax News on December 7, 2011

1) Harvest Capital Losses Capital gains property includes stocks, bonds and mutual funds. Currently, the stated rate on long term capital gains is 15%. If you have a net loss after netting all of your gains and losses, the…

Tagged with: 529, 529 College Savings Plan, Appreciated Property, Bonds, Capital Gains, Capital Losses, Cash Basis, Charitable Donations, CHET, Connecticut, Connecticut Higher Education Trust, CT, Donations, Estate, Federal Estate Tax, Gift, Gift Tax, Gift Tax Return, Home Office, ira, Joint Return, Long Term Capital Gains, Married Couples, Mutual Funds, Required Minimum Distribution, RMD, roth ira, SEP, Simplified Employee Pension, Small Business, Small Business Owner, Stocks, Tax Deduction, tax planning, Year- End Tax Planning

The Last Mortgage Refinance

Posted in Tax News on May 13, 2011

What direction do you think interest rates are headed in? Homeowners have ridden the variable interest rate mortgage ride for all it’s worth. The prime rate hit 20% in 1980. Since then interest rates have been in a long and…

Tagged with: Bob Seger, Fixed Rate Mortgage, Form W-2, Home, Home Equity, Home Equity Loan, Home Owners, Income Tax Returns, interest rates, mortgage, Mortgage Interest, Mortgage Refinance, Points, Prime Rate, Residence, Second Home, Tax Deduction, Tax Return, Variable Rate Mortgage

5 Reasons Everyone Should Contribute to an IRA

Posted in Tax News on February 11, 2011

Here are the five reasons everyone should contribute to an IRA. 1) Income Tax Deduction. Many taxpayers who contribute to an IRA will get a tax deduction. Some taxpayers with higher incomes that participate in a retirement plan at…

Tagged with: 401(k) Plan, Connecticut, CT, Income Tax, ira, Nondeductible IRA, Pension, Required Minimum Distribution, RMD, Tax Deduction, Tax-Deferred

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

Blog Archives

7 Easy Ways to Decrease Your Income Tax and Keep More Money

7 Smart Year End Tax Planning Moves

The Last Mortgage Refinance

5 Reasons Everyone Should Contribute to an IRA

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Branford, CT 203.208.0572 Manchester, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

7 Easy Ways to Decrease Your Income Tax and Keep More Money

7 Smart Year End Tax Planning Moves

The Last Mortgage Refinance

5 Reasons Everyone Should Contribute to an IRA

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885