With the end of the year quickly approaching, it’s time to plan how you will limit your personal tax liability for 2019. You will want …
How to Use IRA Checkwriting in Retirement to Save on Taxes
For more than four decades, the individual retirement account (IRA) has been the go-to savings vehicle for retirement savers who are looking for a current …
Everything you need to know about the Taxpayer First Act
As of July 1, 2019, the Internal Revenue Service has been put on notice. The Taxpayer First Act has been passed by Congress with bipartisan …
IRMAA: The Hidden Medicare Tax
IRMAA stands for Income-Related Monthly Adjustment Amount. Many of us pay premiums for Medicare Parts B and D just like any health insurance. But high …
Long-term Care Insurance: Why You Should Consider It As You Age
As baby boomers plan for retirement, there is a growing need for long-term care. At the same time, costs for nursing home care, assisted living …
Rent Your Home on Airbnb? How New Tax Code Impacts MD, VA, and DC
If you’re renting out a property through Airbnb or a similar short-term rental platform, or plan to, you should know that local law requires you …
