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2020 Social Security Changes

Posted by on Feb 17, 2020 in Uncategorized | 0 comments

Those receiving social security benefits are to see a 1.6% increase in their benefits for 2020. This is due to a cost of living adjustment by the Social Security Administration. This increase in the monthly payout will be around $24 for the average retired worker and about $20 for the average disabled worker. In order to get the 100% of their retired monthly benefit, worker’s born in 1958 will have to wait to retire until 66 years and eight months to retire.  In addition, the worker’s that hit or exceeded the Social Security earnings cap...

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Social Security perk to reduce after 2020

Posted by on Feb 4, 2020 in Uncategorized | 0 comments

If you withdraw at age 62, your Social Security monthly benefit is permanently reduced. If you wait until after full retirement age to retire, you earn delayed retirement credits that can increase the size of your monthly check from Social Security by two-thirds of a percent each month. This has been in place for years, but 2020 is the last year to get the highest benefit of the retirement credits. After 2020, the amount of retirement credits that could be potentially earned will decrease as the full retirement age will increase by two months...

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Make your tax appointment today!

Posted by on Jan 30, 2020 in Uncategorized | 0 comments

Make your tax appointment today!

        Scheduling appointments starting February 3rd Call us at 775-826-3496 Office hours Mon-Fri 8:00 a.m. to 5:00 p.m. Or if you prefer, you can drop off your documents at the front...

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Update on the Health Care Mandate

Posted by on Jan 24, 2020 in Uncategorized | 0 comments

The Individual Shared Responsibility Payment no longer exists at the federal level. What does this mean for you? In prior years, taxpayers had to pay a fee or were penalized on their taxes if they could afford health insurance, but did not purchase it or did not have a coverage exemption. Now for the 2019 tax season, that penalty has been reduced to zero meaning that you are no longer penalized for not having health insurance on your federal tax returns. You won’t have to pay a penalty for not having health insurance or a coverage exemption...

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WE APPRECIATE YOU!

Posted by on Jan 21, 2020 in Uncategorized | 0 comments

WE APPRECIATE YOU!

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TAX SEASON IS HERE!

Posted by on Jan 21, 2020 in Uncategorized | 0 comments

Welcome to 2020!  It is time to get your tax, investment, and financial matters in order.  We look forward to helping you in the upcoming months.   Individual returns will be impacted by four major tax law changes. Five of the seven tax rates dropped 2-4%. Exemptions are no longer available. Standard deductions nearly doubled for everyone. Some businesses may qualify for new 20% deductions.   Please take a moment to call us to set up your appointment.  We will begin tax appointments on Monday, February 17, 2020.  Our tax season...

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Hope you all had a great summer!

Posted by on Sep 5, 2019 in Uncategorized | 0 comments

Hope you all had a great summer!

Tax season 2019 

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GOOD ARTICLE ON 2018 TAX LAWS

Posted by on Jan 12, 2018 in Uncategorized | 0 comments

2018 Tax Reform Law - DOUBLE CLICK ON THE LINK

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