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

15
Aug

When a client asks how much they actually paid in taxes in a given year, they’re looking for their effective tax rate. The effective tax rate is the actual tax obligation when everything is said and done. This rate takes into account deductions, distributions, credits, etc. The effective tax rate is simply the client’s total […]

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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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