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Jeopardy! Winnings and Uncle Sam

What is: The IRS Question: Who Else Profits from This Week’s Big Jeopardy! Championship? The three biggest winners in Jeopardy! history return this week for a championship showdown to decide–once and for all–who is the greatest of all time. Ken Jennings, Brad Rutter, and James Holzhauer will compete in a series of one-hour, stand-alone matches…. Read More

“High” Earners Need to Work a Little Longer in 2020

National “Have Fun at Work” Day is on January 31. Make the most of it–you will be doing a bit more of it (work, that is!) As of January 1, 2020, the maximum earnings subject to the Social Security payroll tax will increase by $4,800 to $137,700—up from the $132,900 maximum for 2019. The taxable… Read More

To Tax or Not to Tax

Which strategy is better? Paying your $50 doctor’s visit deductible with before-tax or after-tax dollars? If you said “before tax,” check if your employer offers an HSA (Health Savings Account) program. HSA’s are the tax-friendly way to pay your medical bills because dollars are deducted directly from your paycheck before taxes are calculated. Contributions made… Read More

Start Your Checklist for Uncle Sam

Now that Santa’s checked off his list, it’s time to start your checklist for Uncle Sam. Here’s What to Gather for the Upcoming Tax Season Welcome to the post-holiday downtime. The week between Christmas and New Year’s Day tends to be quiet from a professional standpoint. Unless you’ve arranged for an incredible trip to a… Read More

And the Winner Is…

The Academy Awards are just around the corner. Will your tax returns be a “Bohemian Rhapsody” or more of an “Avengers: Infinity War?” These are our nominees for winners in 2018 tax reform category: Corporations will be walking the red carpet with a reduced corporate tax rate of 21% versus the past year rates of… Read More