Tag: Taxes

Posted on 05/15/2024
Property tax guide: Why millage rates matter
If you pay property taxes, you've likely encountered the...
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Posted on 01/29/2021
HOW CHANGES TO THE GIFT TAX EXCLUSION MAY IMPACT YOU
$15,000 Annual ExclusionThe federal government gives each of us an allowance to gift anybody $15,000 per year without incurring any gift tax. This $15,000/year replenishes every year, and it’s $15,000 per person. So, theoretically, I could gift every person that I know $15,000 today, and then another $15,000 next year and the year after, and there would be NO...
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Posted on 01/28/2021
TAX DEDUCTIBLE ITEMS FOR YOUR 2020 RETURNS
Points Paid on a Home Purchase in 2020 Closing Disclosure Page 2, Section A - If the origination charges on Page 2, Section A of the Closing Disclosure include points paid to your mortgage company in exchange for a lower interest rate, you can deduct those points in the year paid… even if they are paid by the...
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Posted on 11/30/2020
How To Save Taxes On social Security Benefits
How To Save Taxes On Social Security Benefits Some retirees are surprised when they learn their Social Security retirement benefits can be taxed. However, there are steps you can take before and during retirement to lessen the potential tax burden. Learn how these benefits are taxed and the moves you can make to minimize what you have to pay....
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