Blog Archives

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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The 5 Most Common Itemized Deductions

Mortgage Interest—Many taxpayers can deduct their mortgage interest on their residence.  However, there is a limitation on this.  The interest on a primary residence can only be deducted on up to $1,000,000 mortgage and $100,000 line of credit.  Points paid


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7 Reasons Why It Might Be Time to Get a New CPA

Another year has gone by.  It’s time to begin gathering my material for my taxes to be prepared. Then it dawned on you, why hasn’t my accountant called me to discuss some possible strategies? If these are questions you are


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3 Reasons a Married Couple Should Consider Filing Separate Income Tax Returns

Most married couples file their income tax returns jointly.  However, married couples have an option—they can file married filing jointly or married filing separately.  Married couples can change their filing status from year to year.  The only requirement is that


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