Since the Presidential Election almost a year and a half ago, the U.S. stock market has run UP nicely. Some investors praise President Donald Trump for passing the new laws, many wish he was never elected and others just shrug their shoulders. Regardless of who you voted for (or against) for the White House, the stock market reached new highs and share prices have soared above their historical averages.
The reality is for most of our clients: they are witnessing . . .
Stack your charitable contributions to save on your taxes year after year
Author: Robert Falcon, CPA, MBA, Candidate for CFP® Certification
Release Date: 3/6/18
Many folks are upset by the changes to the standard deduction and its impact on their ability to itemize deductions beginning in 2018. Essentially, Married Filing Jointly (MFJ) couples now need to have more than $24,000 of itemized deductions before they can itemize, and this includes a $10,000 cap on their state income and real estate taxes. However, when you actually run the numbers, the new law helps most couples. Further, if you are close to having $24,000 in itemized deductions in any . . .