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Archives: December 2018

Tax Tip: Maximize Certain Above the Line Deductions

Dec 21, 2018
Under both prior law and the New Tax  Law, so-called “above-the-line” deductions reduce both your “adjusted gross income” (AGI) and your modified adjusted gross income (MAGI), while “itemized” deductions…

Tax Tip: Minimize the Tax on Capital Gains

Dec 19, 2018
Minimize Tax on Capital GainsGenerally, when you sell stock or mutual fund shares, the shares you purchased first are considered sold first. That’s usually good news since it’s often beneficial to qualify…

Davis & Hodgdon Associates CPAs Included in National Publication List of Top 100 Accounting Firms to Work For

Dec 17, 2018
Davis & Hodgdon Associates CPAs was recently named as one of the 2018 Accounting Today’s Best Accounting Firms to Work for.This survey and awards program is designed to identify, recognize and honor the…

More Ideas for Affordable and Meaningful Holiday Gifts

Dec 12, 2018
In my post from earlier this week I shared some thoughtful ideas for affordable holiday gifting. To view that post please click here. Following are some additional thoughts on how to celebrate the holidays…

Year-end Tax Planning: Changes in the Individual Income Tax Rates

Dec 12, 2018
There is no doubt that the Tax Cuts and Jobs Act of 2017 will have a significant impact on nearly every taxpayer. To begin, there are many changes in the individual income tax rates as noted below. Your…