Health Savings Accounts

Health Savings Accounts

With increasing medical costs for both insurance premiums and copays, individuals look for alleviation through income tax deductions.  Health Savings Accounts (HSAs) are considered one of the most tax advantaged strategies in the current tax code. If you qualify to...
California SALT Cap Workaround (AB 150)

California SALT Cap Workaround (AB 150)

The Tax Cuts and Jobs Act (TCJA) passed in late 2017 put a $10,000 limit on the amount of state and local taxes (SALT) individuals could subtract as itemized deductions.  As a workaround, many states have enacted legislation to allow certain pass-through entities...
I’ve Inherited an IRA; Now What Do I Do?

I’ve Inherited an IRA; Now What Do I Do?

The loss of a family member is difficult to deal with emotionally but handling the logistics of the inheritance and paperwork can be overwhelming.  Inheriting an Individual Retirement Account (IRA) now comes with new strict rules and guidelines which every beneficiary...