2017 Tax Planning - Changes to Note
With the new administration in Washington D.C., tax changes are likely in our future, but the details of those changes are unknown. What we do know about 2017 core tax rates and inflation-adjusted figures will come in handy when you file your 2017 tax return in early 2018.
Filing Extension - Get More Time to File, Not to Pay
Sometimes the tax deadline arrives and you are simply not ready to file. But, if you choose to file for an extension, don't make the mistake of not paying. Filing for an extension gives you more time to file, not more time to pay. If you owe taxes, they are due on the regular filing deadline.
Donating a Car to Charity - Don't Make a Costly Mistake
Donating a car to charity can be a big deduction on your tax return, but the value of your deduction can depend on the organization you donate your car to and how they use the vehicle.
When Business Travel Insurance Makes Sense
There are many things that come in pairs because they make sense - peanut butter and jelly, salt and pepper, shoes - the list goes on and on. Travel insurance for business travel is no different. There are inevitable changes to business travel or circumstances that arise while away from home. One way to protect the financial investment of business travel is to consider travel insurance.
Knowing "The Line" Creates Opportunity
A simple way to think about your 1040 tax return is focusing on a single line, your Adjusted Gross Income (AGI). Anything "above the line" creates an AGI that can yield tax opportunities or tax consequences for anything "below the line." Being aware of "the line" and the impact it has on your tax return can help you make better tax decisions throughout the year.