by Hobbs Group | Dec 12, 2018 | Uncategorized
The pieces of tax legislation garnering the most attention these days are the Tax Cuts and Jobs Act (TCJA) signed into law last December and the possible “Tax Reform 2.0” that Congress might pass this fall. But for certain individual taxpayers, what happens with...
by Hobbs Group | Oct 31, 2018 | Uncategorized
Many people choose to pass assets to the next generation during life, whether to reduce the size of their taxable estate, to help out family members or simply to see their loved ones enjoy the gifts. If you’re considering lifetime gifts, be aware that which assets you...
by Hobbs Group | Oct 24, 2018 | Uncategorized
As we approach the end of the year, it’s a good idea to review your business’s expenses for deductibility. At the same time, consider whether your business would benefit from accelerating certain expenses into this year.Be sure to evaluate the impact of the Tax Cuts...
by Hobbs Group | Oct 17, 2018 | Uncategorized
Section 529 plans are a popular education-funding tool because of tax and other benefits. Two types are available: 1) prepaid tuition plans, and 2) savings plans. And one of these plans got even better under the Tax Cuts and Jobs Act (TCJA).Enjoy valuable benefits529...
by Hobbs Group | Sep 19, 2018 | Uncategorized
“Going green” at home — whether it’s your principal residence or a second home — can reduce your tax bill in addition to your energy bill, all while helping the environment, too. The catch is that, to reap all three benefits, you need to...
by Hobbs Group | Sep 11, 2018 | Uncategorized
To avoid interest and penalties, you must make sufficient federal income tax payments long before your April filing deadline through withholding, estimated tax payments, or a combination of the two. The third 2018 estimated tax payment deadline for individuals is...
by Hobbs Group | Sep 10, 2018 | Uncategorized
Many Americans relocate to another state when they retire. If you’re thinking about such a move, state and local taxes should factor into your decision. Income, property and sales taxChoosing a state that has no personal income tax may appear to be the...
by Hobbs Group | Aug 29, 2018 | Uncategorized
Under the Tax Cuts and Jobs Act, employees can no longer claim the home office deduction. If, however, you run a business from your home or are otherwise self-employed and use part of your home for business purposes, the home office deduction may still be available to...
by Hobbs Group | Aug 22, 2018 | Uncategorized
Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free withdrawals in retirement. But what if you convert your traditional IRA — subject to income taxes on all earnings and deductible contributions — and then discover you would...
by Hobbs Group | Aug 14, 2018 | Uncategorized
Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that the donation of something even more valuable to you — your time — would also be deductible. Unfortunately, that’s not the case....
Recent Comments