9 Smart Tax Saving Strategies for High Net Worth Individuals

The Tax Cuts and Jobs Act (TCJA) voted by Congress in late 2017 introduced significant changes to the way individuals and businesses file their taxes. The key changes included the doubling of the standard deduction to $12,000 for singles and $24,000 for married couples filing jointly, the elimination of personal exemptions, limiting the SALT deduction to $10,000, Read more »

14 Effective ways to take control of your taxes

14 Effective ways to take control of your taxes

In this blog post, I will go over several popular and some not so obvious tax deductions and strategies that can help you decrease your annual tax burden. Let’s be honest.  Nobody wants to pay taxes. However, taxes are necessary to pay for pensions, social services, Medicaid, roads, police, law enforcement and so on. Most Read more »

5 Ways to increase the impact of charitable donations

5 Ways to increase the impact of charitable donations

Traditional Charitable Strategies Charitable contributions are an excellent way to help your favorite cause, your church, a foundation, a school or any other registered charitable institution of your choice. Americans made $373.25 billion of charitable donations in 2015, which was 4.1% higher than 2014. The average annual household contribution was $2,974. In 2015, the majority Read more »