Taxes

Should I Do My Own Taxes or Hire a Tax Pro?

2020-01-27T10:25:47-05:00January 27th, 2020|Taxes|

January 29, 2020 By: Stacey Nickens Can you believe it's 2020 already? Today is the first day of tax season. So on your mark, get set, and get ready to file. Right about now you’re probably collecting and organizing your tax records. When it's time to file your tax return, you have several options. [...]

Avoid These Three Mutual Fund Mistakes

2019-11-07T18:01:31-05:00November 7th, 2019|Investments, IRA, Mutual Funds, Retirement, Taxes|

With the possibility of a trade war resolution, investors who have been keeping cash on the side lines may start jumping into the market. With over 10,000 mutual funds available, many investors still use this vehicle as their primary investment tool. You’ll keep more after-tax income if you avoid these three mistakes. 1. Judge a [...]

Tax Friendly Retirement States

2019-11-06T11:44:52-05:00November 6th, 2019|Retirement, Social Security, Taxes, Uncategorized|

Georgia ranks as one of the most tax friendly states for retirees. Georgia does not tax Social Security benefits and provides a deduction of $65,000 per person on all types of retirement income for those individuals 65 and older. Most counties within Georgia also provide for additional senior exemptions as a means to lower [...]

February Tax Update

2016-11-22T21:57:28-05:00February 2nd, 2016|Blog, tax, Taxes, Uncategorized|

With us being three months out from April 18, what are things you should be considering? Notably, it's important to get your taxes done as early as possible to avoid identity theft, but there are a number of other important deadlines and headlines that you should take into consideration going into this short, chilly month. February 1st [...]

Renewable Energy Tax Credits and Exemptions

2023-08-08T09:14:27-04:00April 22nd, 2015|Tax Credits and Exemptions, Taxes|

Happy Earth Day everyone! As we work towards taking better care of our planet, we are often reminded that, while using renewable energy may be cost-effective in the long run, the up-front costs can run high. With this in mind, ELM3 would like to remind you of a few clean energy tax credits and exemptions [...]

Smooth Sailing IRA Contributions

2014-02-12T07:05:28-05:00February 12th, 2014|Blog, Investments, Taxes|

Most of us know that IRA contributions can be made retroactive to the previous tax year. What most of us don't know is that if the contribution check is not properly labeled, the receiving firm will, by default, apply it to the tax year in which it is received (i.e., 2014). When making a contribution [...]