Financial Planning Insights

For most people in the United States, the first half of 2020 has been like nothing they have ever seen before. Health issues as a result of the Coronavirus have resulted in businesses closing or reducing the number of employees that they need. This has led to high unemployment and the stock market going to its lowest point since 2008. As the..

A capital gains tax is an income tax the IRS imposes on proceeds from a sale of an asset. Basically, a capital gain is the difference between what you paid for an asset and the amount of the subsequent sale. The assets targeted for a tax on capital gains are capital assets like stocks, bonds, jewelry, a coin collection, and your home.

In December of 2017, President Trump signed a new tax reform bill into law. With this bill came a number of significant tax changes to tax paying citizens. With all these new changes, we understand how you might be feeling overwhelmed.

What is the Earned Income Tax Credit?