Maybe Congress realized what they did when they increased the Standard Deduction for single folks to $12,000 for year 2018 ($24,000 for joint returns). But now […]

Mindy Lessard was married to Mr. Tomko in 2013 and they filed a joint tax return. However, two items of income were not reported on the […]

The Health Savings Account is a wonderful thing! Contributions (that are qualified, or allowed) are an income tax deduction on page 1 of form 1040, whether […]

Of course Estate Planning is done to minimize taxes and be sure the financial matters are done as desired. However, the planning for other than taxes […]

Once in a while a stock or bond you bought has big problems and becomes worthless. A security (stock or bond) that becomes worthless during the […]

Saving for your retirement and possible bequest to family and friends is good to do! Many folks have an Individual Retirement Account (IRA) that is a […]

IRS form 709, U.S. Gift Tax Return, is used to report major gifts done in the year.  The return is due the following April 15th but […]

Every person has a death tax allowance or exemption of $5,490,000 this year.  If you die with total assets (net of any debts or liabilities) of […]