Tax Advice: Last-Minute Deductions and Credits The 2020 tax season is here. TurboTax explains last-minute things you can do to get your tax bill down The IRS has started accepting tax returns for the 2020 tax season so if you haven’t started to think about your tax return, get on it. If you need some […]
Why Is Short Selling Legal? When a stock rises, all of its investors turn a profit, right? That’s not the case for short-sellers, who look for profit by betting against the success of a company or the market. The recent events surrounding Tesla, Reddit, Robinhood and Gamestop’s short squeeze have put short selling under the […]
Click to Enlarge Top State Marginal Income Tax Rates 2021 Note: (*) State has a flat income tax. (**) State only taxes interest and dividends income. Map shows top marginal rates: the maximum statutory rate in each state. This map does not show effective marginal tax rates, which would include the effects of phase-outs of […]
Money Matters – Skloff Financial Group Question of the Month – February 1, 2021 By Aaron Skloff, AIF, CFA, MBA Q: Even though it is 2021, can we still contribute to Individual Retirement Accounts for 2020? What are the contribution limits, income limits and contribution deadlines for 2020 and 2021? A: The Problem — Foregoing […]
Long Term Care University – Question of the Month – 01/15/21 By Aaron Skloff, AIF, CFA, MBA Q: Can long term care insurance be offered as a company benefit to all or a limited number of our employees? If so, are there any tax advantages for employers or employees? Are there tax advantages for individuals […]
Click to Enlarge 16 Million – Americans provide unpaid care for people with Alzheimer’s or other dementias $244 Billion – Value of caregivers providing an estimated 18.6 billion hours of care 6th – Alzheimer’s disease is one of the leading causes of death in the U.S. 5 Million Americans are living with Alzheimer’s Click Here […]
