Tag: tax deductions
Jul 13, 2026
A client called me last week wanting to know how to claim a $7,500 tax refund he thought he’d missed. His question was based on an email sent in early July to Social Security recipients from Frank J. Bisignano, commissioner of the Social Security Administration....
Nov 8, 2021
A tweet by President Biden on October 20, 2021, got my attention: “Here’s the deal: If you spent $3 on your coffee this morning, that’s more than what 55 major corporations paid in taxes in recent years.” The president has used this statistic...
Mar 29, 2021
How much is a tax deduction worth? Maybe less than your money scripts would have you believe. Here are some common ways that over-emphasizing deductions may reduce your tax bill, but actually cost you more money than you save. 1. Maintaining a Home Mortgage. “I...
Oct 5, 2020
Every once in a while, a breaking news story is on a topic that I actually understand. The September 27 New York Times article, “Long-Concealed Records Show Trump’s Chronic Losses And Years Of Tax Avoidance,” is one such story. Many reactions to it show...
Dec 23, 2019
Charitable Giving With A Donor Advised FundWatch this video on YouTube In A Christmas Carol, Charles Dickens has a scene where two charity workers raising funds for the poor approach Ebenezer Scrooge on Christmas Eve. “. . . What shall I put you down for?”...
