Blog Archives

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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The Last (Really BIG) Tax-Free Gift

Under current federal estate tax law there is an exclusion up to $5.12 million in 2012. Taxable estates above this amount are taxed at 35%. This exclusion is scheduled to decrease to $1 million beginning in 2013. The tax rate


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How to Declare a Casualty Loss From Hurricane Sandy

  Hurricane Sandy has left her mark.  This included power outages, significant property damage and, sadly loss of life.


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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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3 Easy Ways to Financially Help Your Children or Grandchildren

Do your children or grandchildren need some financial assistance? Here are 3 Easy Ways to help them:   1) Make a Loan Parents and grandparents can loan to their child or grandchild.  If this is the approach taken, a formal


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