It is possible to reduce both your energy bills and your federal income tax through use of the energy tax credit. If you make energy efficient home improvements after January 1, 2023, you may qualify for a tax credit up to...more
The Massachusetts Department of Revenue recently announced the annual increase to the popular Massachusetts “circuit breaker credit” for certain persons who are 65 years of age or older.
The circuit breaker tax credit is...more
The Tax Cuts and Jobs Act of 2017 (“TCJA”) made substantial changes to the Tax Code of 1986 by reducing tax rates and “simplifying” tax compliance for many by significantly increasing the standard deduction and eliminating...more
11/9/2018
/ HELOC ,
Home Equity ,
Home Equity Line of Credit ,
Homeowners ,
Income Taxes ,
Interest Payments ,
IRS ,
Itemized Deductions ,
Mortgage Interest ,
Tax Code ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Tax Returns
If Congress is successful in lowering tax rates for at least some taxpayers in 2018, there are several year-end taxing-saving tips to consider prior to December 31st....more
12/6/2017
/ Alternative Minimum Tax ,
Bonuses ,
Charitable Donations ,
Flexible Spending Accounts ,
Homeowners ,
Income Taxes ,
Itemized Deductions ,
Mortgage Interest ,
State Taxes ,
Stocks ,
Tax Deductions ,
Tax Deferral ,
Tax Planning ,
Tax Reform ,
Taxable Distributions ,
Taxable Income
It is estimated that less than 20% of those affected by Hurricane Harvey, and a week later Hurricane Irma, had flood insurance. Home owner’s and renter’s insurance policies exclude damage caused by floods. Those affected...more
9/14/2017
/ Casualty Insurance ,
Construction Loans ,
Flood Insurance ,
Homeowners ,
Hurricane Harvey ,
Hurricane Irma ,
Income Taxes ,
Itemized Deductions ,
Loss Coverage ,
Natural Disasters ,
Property Damage ,
Property Insurance ,
Rental Property ,
Severe Weather ,
Tax Deductions