March 2020

Premiums for Medicare health insurance can add up to a substantial sum. That’s especially true if   you have high income, and you’re married and both you and your spouse are paying premiums.   Fortunately, the premiums can potentially help your tax situation. The dollar benefit of Medicare...

As you likely know, the Tax Cuts and Jobs Act increased bonus depreciation to 100 percent.   Unlike most tax provisions that involve a tax election, this one requires you to elect out if you don’t want it.   For example, you (or your corporation) buy two $50,000 trucks,...