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GLENMONT (518) 461-1637 | GREENVILLE (518) 966-5088

18
Oct

The taxes paid on capital gains can vary depending on the length of time the investment is held. Short-Term capital gains: If assets are held for less than a year, they are considered short-term. Short term gains are taxed at the taxpayer’s ordinary tax rate. Long-Term capital gains: If assets are held for more than […]

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18
Apr

The annual gift tax exclusion for 2015 & 2016 allows an individual to give away $14,000 to an unlimited amount of people free of federal tax consequences. Owing a gift tax is not a common concern for many taxpayers. The federal limit is $5.34 million, however just because you may not have to pay a […]

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15
Nov

The IRS can help you look after your kids… sort of. Child care expenses can be a major part of a families’ budget, especially in the summer when the kids are out of school. Parents are able to alleviate some of the costs associated with child care through a non-refundable credit that offsets tax liability […]

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