Tax Tip Tuesday

Tax Talk Tuesday - Charitable Donations

Tax Talk Tuesday – Charitable Donations

Charitable donations are a great way to give back to society and support causes that are important to you. However, when it comes to tax season, it’s important to understand the rules for deducting charitable donations. In this article, we’ll provide an overview of the rules on deducting charitable donations so that you can ensure […]
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Tis the Season for Charitable Giving

‘Tis the Season for Charitable Giving… so let’s make sure you’re doing it right. What documentation am I required to keep on my Charitable Donations? That depends on the type and value of the donation. – For cash donations under $250, the donor must have a bank record (canceled check, debit, credit card charge) or […]
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Underpayment Penalties

A little planning goes a long way to avoiding Underpayment Penalties. Generally, you will avoid the underpayment penalty if you owe less than $1,000 in taxes, or if you paid at least 90% of the taxes due for the current year. If you are underpaid this year we can help you determine if you need […]
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2018 Tax Brackets

For the next few weeks on Tax Tip Tuesday we will be looking new stuff and changes for 2018. This week…Tax Brackets! Revised tax brackets for individuals: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Revised tax brackets for trusts and estates: 10%, 24%, 35% and 37%. Married Filing Jointly taxable income brackets: $0 to […]
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Minimum Wage Rate Changes Effective January 1, 2018

  Effective January 1, 2018 the minimum wage rate for Florida has been increased to $8.25/hour for non-tipped employees, and $5.23/hour for tipped employees. Please note that if you subscribe to our poster update service, a new poster will be sent reflecting these updates on or near January 1. If you do not subscribe to […]
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Major Tax Law Change – Prepay Your Property Tax Before 12/31/2017

There is a major change in the tax law for 2018, which might make it prudent to prepay your property tax before 12-31-17. If you normally take the itemized deduction on your taxes, those amounts change drastically beginning in 2018. So, if your itemized deductions are normally under $25,000, you may benefit from paying your […]
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