Blog Archives

5 Reasons Taxpayers over Age 70 1/2 Should Make a Charitable Donation From Their IRA NOW

The Tax Cuts and Jobs Act (“TCJA”) almost doubled the Standard Deduction. For 2023, Single filers can claim $13,850, Head of Household $20,800 and Married Filing Jointly $27,700. Additionally, the maximum amount that can be deducted for state and local


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6 Easy Steps to Work With Your CPA

hand holding pen over 1040 form

1. Sign the Work Authorization and complete the Tax Organizer In order to hire a CPA, you will need to authorize the work. This is done by signing the so-called engagement letter. This establishes the scope of the services to


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4 Year-End Tax Planning Steps for Connecticut Taxpayers to Save Money

      The year-end will be here soon.  Here are 4 year-end tax planning steps for Connecticut taxpayers:  


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When to File Separate Tax Returns to Save Money

  Married couples have a choice when they file their income tax returns.  They can file as married filing jointly or as married filing separately.   Married Filing Jointly Most married couples will file a joint income tax return.  There


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How (Almost) Everyone Can Have a Roth IRA

  What’s the Benefit of a Roth IRA? The benefit of having a Roth IRA is that if the account is open for at least 5 years and the account owner is at least 59 1/2, then all of the


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