Cutting Taxes

Six Tax-Saving Opportunities
Cutting Taxes

Six Tax-Saving Opportunities

P.J. DiNuzzo, CPA | September 20, 2023

Scattered throughout the Tax Code are oft-overlooked opportunities to trim your tax bill—or even score a free lunch. But if…

How To Use Losses to Cut Taxes
Cutting Taxes

How To Use Losses to Cut Taxes

David Rae, CFP | August 14, 2020

For the first time in decades, there are great opportunities to offset stock gains with stock losses, but you have to be strategic and avoid mistakes.

Congress Reverses Course on the Kiddie Tax
Cutting Taxes

Congress Reverses Course on the Kiddie Tax

June 15, 2020

A change in the tax rules for children with unearned income could mean a big break for many families.

Seven Tax-Friendly States
Cutting Taxes

Seven Tax-Friendly States

Jill Gonzalez | May 15, 2020

Seven states where the overall tax burden is low and there is no estate tax or tax on Social Security benefits or income tax unless otherwise noted.

The Challenge of Switching States to Save on Taxes
Cutting Taxes

The Challenge of Switching States to Save on Taxes

Mark Klein | May 15, 2020

Residents of high-tax states who move to low-tax states may be pursued by the states they leave behind. How to do it right.

Stock Funds That Slash Taxes
Cutting Taxes

Stock Funds That Slash Taxes

Mark Wilson, CFP | March 14, 2019

Stocks have had huge run-ups during the bull market that began in 2009. These funds protect you from a growing tax bite.

Pay 0% Cap-Gains Tax
Cutting Taxes

Pay 0% Cap-Gains Tax

Jean ­Fullerton, CFP | November 6, 2018

Because of a higher standard deduction in the new federal tax law, it is easier for many Americans to pay no long-term capital gains tax at all.

7 Things You Didn’t Know Are Taxable
Cutting Taxes

7 Things You Didn’t Know Are Taxable

Greg Rosica, CPA, CFP | January 12, 2016

Ignore Them at Your Own Risk Buried treasure…generous gifts from your employer…and that iPad you got as a gift for…

Last-Minute Tax Savers
Cutting Taxes

Last-Minute Tax Savers

Greg Rosica, CPA, CFP | November 11, 2015

Steps to Take Before Year-End Now is a great time of year to find tax savings. Enough of the year…

Surprising Medical Deductions
Cutting Taxes

Surprising Medical Deductions

Lawrence K.Y. Pon, CPA/PFS, CFP | November 4, 2015

Ranging from Home Renovations to Clarinet Lessons Family medical costs continue to rise, with more than half the respondents in…

5 Most Overlooked Tax Deductions
Cutting Taxes

5 Most Overlooked Tax Deductions

Thomas J. Henske, CFP, ChFC, CFS, CLU, CLTC | April 1, 2015

Tax time is probably the least fun time of year, and everyone who owes the government usually waits till the…

The 5 Most Overlooked Tax Deductions
Cutting Taxes

The 5 Most Overlooked Tax Deductions

Thomas J. Henske, CFP, ChFC, CFS, CLU, CLTC | June 6, 2014

Taxes…we all have to pay them, but nobody wants to pay more than their fair share. Sadly, many of us…

Year-End Checklist for Tax Breaks
Cutting Taxes

Year-End Checklist for Tax Breaks

Barbara Weltman, Esq. | November 18, 2013

It's not too late to take actions now that can result in income tax breaks for 2013. Here are some…

Will Uncle Sam Let You Write Off a Church Raffle Ticket?
Cutting Taxes

Will Uncle Sam Let You Write Off a Church Raffle Ticket?

Barbara Weltman, Esq. | June 5, 2013

Q: I bought $1,000 in raffle tickets to help out my church, which was giving away a car. I don’t…

Midyear Tax-Saving Opportunities for 2009
Cutting Taxes

Midyear Tax-Saving Opportunities for 2009

Sidney Kess, CPA, JD | September 5, 2012

Changes in both the tax law and the economy create new tax-­saving opportunities in 2009 -- as the ­recession makes…