News & Insights

Tax planning in Florida: 2 tax benefits of retirement living in the Sunshine State

If you’re a retiree or someone who plans to retire, it can be helpful to consider tax planning options with a financial advisor. There are several states in the U.S. where you aren’t responsible for taxes on certain things that you may otherwise be required to pay for in different states. Knowing which states are […]

Do you pay taxes on capital gains in Florida?

Capital gain is a concept within economics that describes the profit that is made after a sale of an investment or an asset. Assets that can provide capital gain include properties, cars, stock and even businesses. Some states have required that people pay taxes for capital gains. This usually applies to sales of assets held […]

What new tax bracket changes will take place in 2022?

The arrival of the 2022 tax season will introduce taxpayers to several new changes. While income tax rates are remaining the same, as they have since 2018, the brackets into which each individual or married filing jointly taxpayer falls may not be the same as it was last year. Adjustments to account for inflation have […]

What will the child tax credit payment dates be for 2022?

If you received Letter 6419 in the mail, then you are likely eligible for further child tax credits from the IRS in 2022. Many families received half of the newly expanded child credit payments in the previous year. But the rest of the payments will be going out during the 2022 tax season, and it’s […]

What Tampa, FL, residents need to know about dealing with the IRS during tax season and the “fourth” stimulus checks

Taxpayers will be facing uncommon challenges this year. Job losses have impacted the finances of American taxpayers at an unprecedented rate, with an estimated 9.6 million people between the ages of 15 and 64 having lost their jobs. Economic Impact Payments, more commonly known as stimulus checks, have helped alleviate some of that hardship. A […]

Is the money you put into a Florida prepaid college savings plan tax deductible?

A prepaid college savings plan is an education savings plan that allows you to save for your child’s college education costs. It’s a type of 529 plan, the name of which comes from section 529 of the Federal Tax Code; 529 savings plans allow an account holder to buy college credits from qualifying public universities […]

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