2021 Mileage Rates

  2021 Mileage Rates January 27, 2021   Mileage rates for travel are now set for 2021. The standard business mileage rate decreases by 1.5 cents to 56 cents per mile. The medical and moving mileage rates also decrease by 1 cent to 16 cents per mile....

What Does a Trustee Do

  What Does a Trustee Do?  February 1, 2021   The Trustee’s Duties  The trustee is the person who has legal responsibility for administering the trust on behalf of the interested parties. Depending on the trust terms, this authority may be broad or limited....

Gone Phishing

  Gone Phishing? January 22, 2021   Phishing Requires Bait Phishing is the act of creating a fake e-mail or website that looks like the real thing. This “bait” is then used to bring you into the scam by asking for private information. This...

Your Home. A Bundle of Tax Benefits.

  Your Home, A Bundle of Tax Benefits January 19, 2021   Common Deductions 1. Interest Deductibility Mortgage interest is one of the few allowed deductible interest expenses. It is limited to the first $750,000 dollars in loans secured by your primary...

2021 Retirement Plan Limits

  2021 Retirement Plan Limits January 14, 2021   As part of your 2021 tax planning, now is the time to review funding your retirement accounts. By establishing your contribution goals at the beginning of each year, the financial impact of saving for your...

More Stimulus Payments on the Way

  More Stimulus Payments on the Way January 11, 2021   Direct Stimulus Payments to You  The legislation includes a $600 payment per person, including adults and dependent children who are under age 17. Payments are based on your 2019 income and should start...