Money Saving Tax Tips

As of January 1, 2026, the tax landscape for estates and trusts in the United States has undergone significant change due to the enactment of the OBBBA. For families engaged in estate planning, these changes increase flexibility, certainty, and advantages — but also warrant a fresh look at how family trusts are structured. Below is an updated...Continue reading→

 1. Review and Pre-Pay SALT (State & Local Taxes) Action: Pre-pay property taxes or other deductible state/local taxes if itemizing. Why by Year-End: The SALT deduction cap for 2025 is temporarily increased to $40,000. Paying now locks in the full deduction under 2025 rules. 2. Accelerate Charitable Contributions Action: Make charitable donations (cash or property)...Continue reading→

Many people are surprised to learn that you can work and still receive Social Security benefits — but it’s important to understand how your earnings may affect what you receive. Whether you’re already collecting benefits or planning ahead, knowing the rules can help you avoid unexpected reductions and maximize your retirement income. You Can Work...Continue reading→

The recently passed One Big Beautiful Bill Act (OBBBA) brings some tax relief and new incentives aimed directly at helping small business owners grow, invest, and hire. Here’s a breakdown of the most valuable benefits — and how they might help your business in 2025 and beyond. Permanent 20% Small Business Income Deduction Great news...Continue reading→

On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBB), a sweeping tax package that cements many existing tax cuts and adds new deductions and incentives. While some parts target specific groups—like seniors, small business owners, and wage earners—other provisions impact nearly everyone. Outlined below are some of the...Continue reading→

Understanding Eligibility and What It Could Mean for You Did you know that even if you’ve never worked or paid into Social Security, you may still be eligible to receive benefits based on your spouse’s work record? Social Security spousal benefits can offer valuable support in retirement, but understanding whether you qualify—and how much you...Continue reading→

Take our fun and interactive When to Amend Quiz: Now that tax season is behind us, many people breathe a sigh of relief and move on. But sometimes, after the dust settles, you may realize that something was left out or reported incorrectly on your return. If that happens, don’t panic—you may be able to...Continue reading→

We’re living in times marked by economic uncertainty—rising inflation, market swings, interest rate changes, and global disruptions. These challenges can affect everything from your grocery bill to your retirement plan. But with the right approach, you can take control of your finances and stay resilient through whatever comes next. Here are some smart, practical steps...Continue reading→

When managing your finances and planning for the future, understanding the various investment and savings options available to you is crucial. Two terms often come up in discussions about financial planning are “tax-free” and “tax-deferred.” While these terms may sound similar, they refer to distinct investment strategies that can significantly impact your long-term financial goals....Continue reading→

As we approach the new tax year, it’s important to stay informed about key tax changes that could impact your financial planning. The IRS has announced several updates for the 2025 tax season. Below are some of the most significant changes: Adjustments to Tax Brackets and Standard Deductions The IRS has made inflation-related adjustments to...Continue reading→