Congress gives a holiday gift in the form of favorable tax provisions

Congress gives a holiday gift in the form of favorable tax provisions As part of a year-end budget bill, Congress just passed a package of tax provisions that will provide savings for some taxpayers. The White House has announced that…

Medical expenses: What it takes to qualify for a tax deduction

Medical expenses: What it takes to qualify for a tax deduction As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your expenses on your tax return but the rules make…

Have you considered making direct payments of tuition and medical expenses?

Have you considered making direct payments of tuition and medical expenses? With the lifetime gift and estate tax exemption at $11.40 million for 2019 ($11.58 million for 2020), you may think you don’t have to worry about gift and estate…