by SDP Team | Jun 19, 2019 | Tax
The new 401k/IRA modification rules that have passed the House of Representatives and are now being taken up by the Senate will provide a number of improvements and simplification for high net worth taxpayers, while also taking away the ability to “stretch out”...
by SDP Team | Apr 4, 2019 | Tax
If you have always given to a 501(C)(3) charity (a church, school, hospital, etc.), you are acutely aware that your charitable contributions now have to exceed $12,000 for an individual or $24,000 for a married couple before you can itemize under the new law. Simply...
by SDP Team | Mar 20, 2019 | Tax
If your child is deciding between two schools based on a financial aid package, be sure to weigh the taxes that may accompany the offer.Families depend on scholarships, assistantships and grants to help them afford higher education.Indeed, the annual cost of tuition,...
by SDP Team | Mar 20, 2019 | Tax
Are you worried about being audited?The fear may be overblown, as only 0.6% of taxpayers had their federal returns examined in 2017 (the most recent information available). That same year, only 4.3% of taxpayers with gross income before deductions of over $1 million...
by SDP Team | Nov 5, 2018 | Tax
Even with less itemizing, there are still tax documents you want to retain for years to come.Fewer taxpayers are itemizing in the wake of federal tax reforms. You may be one of them, and you may be wondering how many receipts, forms, and records you need to hold onto...
by SDP Team | Nov 5, 2018 | Tax
Get ready to save more for retirement in 2019! The Treasury Department has announced inflation-adjusted figures for retirement account savings for 2019, and there are a lot of changes that will help savers stuff these accounts.After six years stuck at $5,500, the...
