The Newsroom
Financial and Accounting Updates and Information from Maggart
Scroll down or quick jump:
From the Monthly Newsletter...
Act Now to Save 2019 Taxes on Your Investments
Do you have investments outside of tax-advantaged retirement plans? If so, you might still have time to reduce your 2019 tax bill by selling some investments — you just need to carefully select which investments you sell. Balance Gains & Losses If you’ve sold investments at a gain this year, consider selling some losing investments to absorb the gains. …
To Pay Down or Not To Pay Down Your Mortgage?
If you’re a homeowner and manage your finances well, you might have extra cash after you’ve paid your monthly bills. What should you do with this extra money? Some would say make additional mortgage payments toward your principal to pay off your mortgage early. Others would say: No, invest those dollars in the stock market! …
Is “Bunching” Medical Expenses Still Feasible in 2019?
Some medical expenses may be tax deductible, but only if you itemize deductions and you have enough expenses to exceed the applicable floor for deductibility. With proper planning, you may be able to time controllable medical expenses to your tax advantage. The Tax Cuts and Jobs Act (TCJA) made bunching such expenses beneficial for some …
Is “Bunching” Medical Expenses Still Feasible in 2019? Read More »
