Recent Posts in Income Tax Category

  • For Clients, Advisors, Community The tax code allows a family to save $6,550 (on a pre-tax basis) in a health savings account. These accounts are designed to cover deductibles and co-pays in a health care plan with cost sharing and relatively high deductibles. Is it better to fund an HSA pre-tax or a savings account after tax? Fund an HSA or Taxable Account? If a family contributes the maximum to ...
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  • For Clients, Advisors and Community: In this article (briefly delayed by technical glitches), I review the implications of the income tax changes in the legislation. I have chosen not to restate that which has been published in the general news, but rather some interesting tidbits related to the new law. Increased Brackets. We have a “progressive” income tax system. This means that the ...
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  • Where Do You Really Live? - A Question of Taxes

    || 17-Oct-2011

    For Clients, Advisors and Community Our society is increasingly mobile. Many of our clients have multiple residences. They spent the spring and summer months in the Chicago area but spend the late fall and winter in warmer climates – Florida, Arizona, California, Hawaii and other locations. In a sometimes desperate chase for increased revenue, Illinois (and other states) have recently passed ...
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