In the Aftermath of the Tax Reform and Jobs Act of 2017 Your Advisor May Now Be Able to Help You: Reduce Your Taxes, Maximize Your Savings & Achieve Your Philanthropic Goals During Your Retirement Years Brandi Graham, CTFA, CFP® and Cynthia Rivera, JD The benefits of savvy strategic planning are significantly greater today as we [...]
MAKING SENSE OF ITEMIZED DEDUCTIONS UNDER THE NEW TAX LAW Lynda Tull, Associate Advisor If you’re a homeowner and you’re above the standard deduction, chances are you or your tax preparer have itemized your deductions. These deductions include, but are not limited to: Home mortgage interest payments City/state/school property taxes Personal property taxes State income [...]
Andrew Baron, CFP® Associate Advisor Sometimes life gets the better of us and filing taxes can slip through the cracks. There can be numerous reasons for this to happen—from general procrastination to life-altering catastrophes. Regardless of your reason, anyone may request an automatic 6-month extension. This is an extension of time to file your tax [...]
JGUA urges everyone to review the "IRS Dirty Dozen" to familiarize yourself with these scams that are hitting close home, and learn what to do if you become a victim of these tactics. Judith A. Palumbo, JD, CFP® Senior Advisor On April 4th the IRS issued their 2018 IRS Dirty Dozen: Watch Out for These 12 Scams [...]
Andrew Baron, CFP® Associate Advisor 457 plans, one of the lesser known retirement savings plans are a special kind of plan for non-profit organizations. The sponsor of the plan must be an employer that is either a state or local government entity or a qualifying 501(c)(3) organization. Federal employees are not covered under these plans [...]
If you do, reviewing your QCD strategy this Tax Season should be a priority... Kathryn W. Gerwig, CFP® Senior Advisor As you complete your 2017 income tax returns, keep in mind some tax provisions that will possibly be more important for 2018 and future years’ tax planning. In 2015, the Protecting Americans from Tax Hikes Act [...]
Market Drops…Now What?? *Spoiler alert…..no need to panic. It’s been a Volatile week in the Markets. Sharp declines, and the dramatic headlines that follow, can trigger panic and feelings of uncertainty, especially after the record breaking growth that’s been seen in the Market over the last year. What caused the drops seen in the Market [...]
As you likely know the 2018 Winter Olympics are approaching, to be held in PyeongChang South Korea Feb. 9-15. What you may not know, is that one of our very own, Todd Brost, Senior Advisor here at JGUA is an Olympian! As part of our Advisor Spotlight series we asked Todd to share his Olympic [...]
What has ACTUALLY changed? Andrew Baron, CFP® Associate Advisor The Tax Cuts and Jobs Act of 2017 (TCJA) was the first major shakeup in the United States tax code since The Tax Reform Act of 1986 under President Reagan. While there are significant changes to how corporations and other businesses are taxed, there are also [...]
