Why are we talking about an education benefit in the middle of the summer?
We know that everyone is in summer vacation mode. No one wants to talk about school now. I mean, the kids are just getting out of school! Well, someone has to bring up the subject to save you money on your education expenses. Therefore, it is time to start making plans for education savings. Even if your child is an infant, you want to think about this subject and ask yourself, “Am I going to send my child to private school?” And, “What if I don’t qualify for scholarships?” After all, scholarships are very competitive. So you want to think about education savings plans. Continue reading →
Wouldn’t you like to know about early year-end tax planning to take advantage of possible tax reform?
So, why do we think early tax planning is appropriate this year? Actually, with the prospect of major tax reform on the horizon, some strategies can be put into place before the end of the year that can substantially reduce your 2017 tax bill. That would be nice.
Are you a teacher, principal, counselor or aide for Kindergarten through Grade 12?
Teacher expenses on taxes are eligible, so you can deduct up to $250. Please note that for 900 hours or more that an educator works during the tax year and you spend your own money on classroom supplies or professional development costs, you qualify to deduct up to $250 of those costs “above-the-line” on Schedule A. Continue reading →
Disclaimer: This publication/blog, which may be considered advertising under the ethical rules of certain jurisdictions, is provided with the understanding that it does not constitute the rendering of legal advice or other professional advice by Joseph J. Cahill / Worthtax or any of its subsidiaries or its attorneys, employees or associates representing Joseph J. Cahill / Worthtax. Additionally, the foregoing discussion does not constitute tax advice. Any discussion of tax matters contained in this publication/blog is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code or promoting, marketing or recommending to another party any transaction or matter.
Joseph Cahill & Associates / WorthTax is proud to offer income tax preparation services to the residents of Norwell, Scituate, Hingham, Hanover, Pembroke, Marshifield, Hanson, Plymouth, Quincy, Braintree, Milton, Weymouth, South Weymouth, Hingham, Rockland, Abington, Holbrook, Canton, Dedham, West Roxbury, Hyde Park, Westwood, Norwood, Walpole, Needham, and other surrounding communities.