Entries by Greg Baroni

Five Things You Need to Know About the Recently Enacted ABLE Act

On December 19, 2014, President Obama signed the Achieving a Better Life Experience Act (ABLE Act) into law. The ABLE Act will allow certain individuals with disabilities to establish tax-free savings accounts that can be used to cover expenses not otherwise covered by government sponsored programs. These accounts can be a great alternative or supplement […]

Babies, Hospitals, and The Living Will

Last week my wife and I were temporarily living at children’s hospital with my 18 month old. She had a spell of the stomach virus that’s going around and she needed I.V. fluids for a few days to rehydrate because she could not keep anything down. She’s fine now. The virus ran its course and […]

The Clock is Ticking on Maxing Out Your 2014 Retirement Plan Contributions

With the end of 2014 fast approaching, now is the time to take a look at your year-to-date retirement plan contributions to see where yours stand when compared with the 2014 contribution limits. Summary of 2014 Retirement Plan Contributions Limits Depending on how much you’ve already contributed, you may be able to contribute more to […]

What the 2015 Inflation Adjustments for the Estate Tax Exemption and Trust Income Tax Brackets Mean for You

The Internal Revenue Service has released the official inflation adjustments that will affect 2015 federal reporting for estate taxes, gift taxes, generation-skipping transfer taxes, and estate and trust income taxes. 2015 Federal Estate Tax Exemption In 2015 the estate tax exemption will be $5,430,000. This is an increase of $90,000 above the 2014 exemption. What […]