The Newsroom

Financial and Accounting Updates and Information from Maggart

Scroll down or quick jump:

Sign Up for Tips and Updates from Maggart

* indicates required

From the Monthly Newsletter...

Understanding the Tax Nuances of Vacation Homes

June 21, 2019

Owning a vacation home can offer tax breaks, but they may differ from those associated with a primary residence. The key is whether a vacation home is used solely for personal enjoyment or is also rented out to tenants. Sorting Out Your Vacation Home Taxes If your vacation home is not rented out, or if …

Understanding the Tax Nuances of Vacation Homes Read More »

Consider the Tax Advantages of Qualified Small Business Stock

June 7, 2019

While the Tax Cuts and Jobs Act (TCJA) reduced most ordinary-income tax rates for individuals, it didn’t change long-term capital gains rates. They remain at 0%, 15% and 20%. The capital gains rates now have their own statutory bracket amounts, but the 0% rate generally applies to taxpayers in the bottom two ordinary-income tax brackets …

Consider the Tax Advantages of Qualified Small Business Stock Read More »

Send Your Kids to Day Camp & You May Get a Tax Break

May 17, 2019

Among the many great challenges of parenthood is what to do with your kids when school lets out. Do you keep them at home and try to captivate their attention yourself or with the help of sitters? Or do you send them off to the wide variety of day camps now in operation? There’s no …

Send Your Kids to Day Camp & You May Get a Tax Break Read More »

From the Daily News Wire...

Looking for a CPA?

Our team of experts and advisors are ready to help.