Category: Tax Planning


What will your marginal income tax rate be?

While the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through 2025, some taxpayers could see their taxes go up due to reductions or eliminations of certain tax breaks — and, in some cases, due … Read More »

January 15th

Tax Department, Tax Planning. Comments Off on What will your marginal income tax rate be?


A refresher on major tax law changes for small-business owners

The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. Business owners may, therefore, want to shift their focus to … Read More »

January 2nd

Tax Planning. Comments Off on A refresher on major tax law changes for small-business owners


You may be able to save more for retirement in 2019

Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase your retirement savings:

Elective deferrals to 401(k), 403(b), 457(b)(2) and 457(c)(1) plans: $19,000 (up from $18,500)
Contributions to defined contribution plans: $56,000 … Read More »

December 27th

Retirement Planning, Tax Planning. Comments Off on You may be able to save more for retirement in 2019


Act soon to save 2018 taxes on your investments

Do you have investments outside of tax-advantaged retirement plans? If so, you might still have time to shrink your 2018 tax bill by selling some investments, you just need to carefully select which investments you sell.

Try balancing gains and losses

If … Read More »

December 18th

Tax Planning. Comments Off on Act soon to save 2018 taxes on your investments


Year-end tax and financial to-do list for individuals

With the dawn of 2019 on the near horizon, here’s a quick list of tax and financial to-dos you should address before 2018 ends:

Check your FSA balance. If you have a Flexible Spending Account (FSA) for health care expenses, you … Read More »

December 12th

Tax Department, Tax Planning. Comments Off on Year-end tax and financial to-do list for individuals


2019 Q1 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to … Read More »

December 4th

Tax Department, Tax Planning. Comments Off on 2019 Q1 tax calendar: Key deadlines for businesses and other employers


Does prepaying property taxes make sense anymore?

Prepaying property taxes related to the current year but due the following year has long been one of the most popular and effective year-end tax-planning strategies. But does it still make sense in 2018?

The answer, for some people, is yes … Read More »

November 27th

Tax Department, Tax Planning. Comments Off on Does prepaying property taxes make sense anymore?


Catch-up retirement plan contributions can be particularly advantageous post-TCJA

Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your 401(k) plan or Savings Incentive Match Plan for Employees (SIMPLE) up to the regular annual limit? Then you may want … Read More »

November 20th

Retirement Planning, Tax Planning. Comments Off on Catch-up retirement plan contributions can be particularly advantageous post-TCJA


Mutual funds: Handle with care at year end

As we approach the end of 2018, it’s a good idea to review the mutual fund holdings in your taxable accounts and take steps to avoid potential tax traps. Here are some tips.

Avoid surprise capital gains

Unlike with stocks, you can’t … Read More »

November 13th

Tax Planning. Comments Off on Mutual funds: Handle with care at year end


Buy business assets before year end to reduce your 2018 tax liability

The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses. To take advantage of these breaks, you must purchase qualifying assets and place them in service by the end … Read More »

November 6th

Tax Department, Tax Planning. Comments Off on Buy business assets before year end to reduce your 2018 tax liability

HOBERMAN & LESSER, LLP