Tax Tips Archives | Omlin, Gunning & Associates, P.S.

Tax Planning and Children

June 19, 2019 admin

Replacing Tax Breaks for Your Growing Children Your kids are getting older. Before you know it they’ll be dating, driving…

June 10, 2019 admin

Reminder: Second Quarter Estimated Taxes Due If you have not already done so, now is the time to review your…

June 3, 2019 admin

New contribution limits are on the horizon The savings limits for the ever-popular health savings accounts (HSA) are now set…

May 28, 2019 admin

Ways to minimize net investment income (NII) tax The new tax legislation enacted late in 2017 rewrites large sections of…

May 20, 2019 admin

Landlords: Review the new 199A safe harbor rule Owners of pass-through entities (S corporations, partnerships and limited liability companies) and…

May 13, 2019 admin

Watch out for the home office tax trap The home sale exclusion is one of the biggest tax breaks around.…

April 17, 2019 admin

5 tax reminders for gig economy workers Are you involved in the gig economy — or the labor market made…

April 3, 2019 admin Leave a comment

Unlock tax savings with a backdoor Roth IRA Don’t give up quickly if your path to contributing to a Roth…

March 27, 2019 admin Leave a comment

Ways to save with the new kiddie tax rules The kiddie tax isn’t just child’s play. Due to recent tax…

March 20, 2019 admin Leave a comment

Divorced before 2019? How new alimony rules apply Is alimony still deductible by payers and taxable to recipients? It depends.…