Medicare offers additional medical coverage for eligible Americans who are (mostly) 65 or older. It’s paid for by taxes, and higher income-earners face some additional taxes for Medicare services. You know that Medicare costs come out of your paychecks, but did you know your investments are also affected? Earnings above certain thresholds get taxed […]
Did You Receive a High Tax Bill? How to Avoid it Next Year
The Tax Cuts and Jobs Act probably made your tax bill look a little different this year. But if you ended up owing a lot more than you were expecting, you’re not alone. Changes in deductions and tax credits had a massive impact on some taxpayers. If you are one of them, there are steps […]
Mega Roth Conversions
Mega Roth Conversions – The Basics If you want to get more money into a Roth IRA than what you can normally do, then you may want to think about doing a large, or mega, Roth conversion with after-tax money. This mega Roth conversion strategy could allow you to add an additional $36,500 into a Roth […]
Tax Changes Affecting Physicians
If you are a physician or are in another high-earning field, you may be wondering how the new tax changes will affect your money. Here are three main changes that may affect you, and how to handle them: Tax Bracket Reduction First and foremost, your tax brackets have changed. If you earn between $200,000 […]
How the New Tax Law Affects New Hampshire
The Tax Cuts and Jobs Act is now in effect, and it brings some specific concerns for the Granite State. If you live in New Hampshire, here are what some of the changes mean for you: Standard vs. Itemized Deductions The new tax law caps deductions for state and local income and property taxes […]