D’Arcangelo Blog

Are You a Good Qualified Charitable Distribution Candidate?

If you can afford to donate IRA money, you can benefit tax-wise if you match one or more of the following profiles. 1. You don’t itemize deductions (under the normal rules only itemizers get any income tax benefit from charitable donations). 2. You itemize, but your charitable donation deductions for 2013 would be delayed byContinue reading →

Several Tax Breaks Made Permanent

One of the most confusing and frustrating aspects of the tax code is lawmakers’ practice of making tax breaks available for a year or two – and then deciding whether or not to extend them. Thankfully, the new law makes several provisions “permanent.” This doesn’t mean that Congress will never discontinue these tax breaks but we nowContinue reading →

Tax Changes for Individuals in the “Fiscal Cliff” Law

The American Taxpayer Relief Act of 2012, also known as the “fiscal cliff legislation,” was signed into law by President Barack Obama on January 2, 2013. Despite the name of the law, all workers will pay higher federal taxes this year due to the demise of the so-called “payroll tax holiday.” The good news: The newContinue reading →

Tax Provisions in the 2012 American Taxpayer Relief Act

The recently enacted 2012 American Taxpayer Relief Act is a sweeping tax package that includes, among many other items, permanent extension of the Bush-era tax cuts for most taxpayers, revised tax rates on ordinary and capital gain income for high-income individuals, modification of the estate tax, permanent relief from the AMT for individual taxpayers, limitsContinue reading →

“Fiscal Cliff” Throws Wrench Into Tax Planning

The debate in Washington, D.C. over how to resolve the nation’s debt, tax, and spending issues has been dominating headlines since the November 6 election – it’s also dramatically changing tax planning. Routine advice such as planning ahead on your tax strategy for the coming year has been turned on its head in some casesContinue reading →

Tax Time? Already?!

When do you start thinking about your taxes? April 10th? If that’s your answer stop reading and go back to carving your pumpkin with the kids or grandkids. I procured a humungous pumpkin this year and made a happy face on it. I always make a happy face on my pumpkin. Even if you sayContinue reading →