Adam’s Tax Blog

Note: Tax advice, articles, and content contained on this site are intended for informational and educational purposes only. They are not a substitute for professional advice. Tax matters are can be extremely complex and vary greatly for each individual or company. Please click here to read our complete disclosure and disclaimer for the information presented on this site.

3 Last-Minute Tips That May Help Trim Your  Tax Bill

3 Last-Minute Tips That May Help Trim Your Tax Bill

If you’re starting to worry about your 2019 tax bill, there’s good news — you may still have time to reduce your tax liability. Three strategies are available that may help you cut your taxes before year-end, including: 1. Accelerate deductions/defer income. Certain...

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2 Valuable Year-End Tax-Saving Tools for Your Business

2 Valuable Year-End Tax-Saving Tools for Your Business

This is the time of year when many business owners are asking if there’s anything they can do to save tax for the year. Under current tax law, there are two valuable depreciation-related tax breaks that may help your business reduce its 2019 tax liability. In order to...

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What is Your Taxpayer Filing Status?

What is Your Taxpayer Filing Status?

For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will be checked on your tax return for the year. When you file your return, you do so with one of five filing statuses, which depend in part on whether...

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Using Your 401(k) Plan to Save This Year and Next

Using Your 401(k) Plan to Save This Year and Next

By contributing to a tax-advantaged retirement plan you can reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a taxwise way to build a nest egg. If you’re not already contributing the maximum allowed,...

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