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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Borgida Clients & Friends Raise $2,500 & almost 1,500 pounds for MACC!!

Local CPA Firm Borgida & Company of Manchester, CT raises money & food to help fill MACC Food Pantry for the holiday. Borgida & Company staff, clients, family & friends stepped up to the plate again this year! Our 2022


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Record-breaking 13th Annual Food Drive

Scanlon pulling boxes out of packed car

Sending out a special note of appreciation to the Borgida & Company clients and staff who donated a record-breaking 2,650 pounds of food and $1,235 in monetary donations to our 13th annual MACC food drive!! During an Open House celebration on


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7 Ways The 2017 Tax Bill Affects Connecticut Taxpayers

    1) Decrease in Income Tax Rates   The 2018 income tax rates are as follows: Single                                        Married Filing Joint


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Fifty Shades of Tax Deductions

No Fifty Shades of Grey here.  Here are Fifty Black and White Tax Deductions and Credits. 1) Standard Deduction – Taxpayers can take the higher of the Standard Deduction or their Itemized Deductions. 2) Medical Expenses 3) Medical Miles –


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