Tax season is well under way. Have you filed (or extended) your individual federal tax return for 2019 yet? You may still have time to make some moves between now and the April 15 filing deadline to lower your 2019 tax bill. Here are some last-minute tax-saving options to consider. State and Local Income Taxes… Continue reading
Monthly Archives: February 2020
Has the TCJA Lowered Your Taxes?
We now have two years of the Tax Cuts and Jobs Act (TCJA) changes under our belts: 2018 and 2019. Are your taxes lower than before the law went into effect? Not surprisingly, the answer depends on your specific situation. Perception vs. Reality After most people filed their 2018 tax returns, only 40% believed that they… Continue reading
Janice Jasinski Named President of Salem Area Chamber of Commerce
Janice T. Jasinski, CPA, CFE, CGMA, has been elected as president of the Salem Area Chamber of Commerce for 2020. Janice also serves on the YSU Penguin Club Board of Trustees and Finance Committee, as well as the Athena Committee of the Youngstown/Warren Regional Chamber. She is a member of the American Institute of Certified… Continue reading
Age-Related Tax and Financial Planning Milestones
In an era of uncertainty, you can count on one thing: Time marches on. While you can’t beat Father Time, you can prepare for these age-related tax and financial planning milestones as you and your loved ones grow older. Age 0—23: Beware of the Kiddie Tax The so-called “kiddie tax” rules can potentially apply to your… Continue reading
10 Tax Elections to Save Money on Your 2019 Return
2020 is a presidential election year. You’ll have an opportunity to cast a vote for your favored presidential candidate in November, but you can make several other key “elections” this year when filing your 2019 tax return. These elections may be influenced by the Tax Cuts and Jobs Act (TCJA), as well as the year-end… Continue reading
