Should You Join the Second-Home Club?

should you join the second home club

The image of owning a second home holds plenty of allure. The idea of having a retirement getaway, a gathering spot for the whole family, or a rental income generator – and maybe all three – has lots of Americans taking the second-home plunge. Indeed, according to the National Association of Home Builder, the total…

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Important Tax Questions to Ask Your Advisor for 2020

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Written By: Scott Meyer While tax season can prompt many questions related to tax code specifics or the filing process, it can also present opportunities on the financial planning front. According to Scott Meyer one of our Advisors here at Merit, “Many basic tax questions, such as ‘should I take the standard deduction or the…

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Important Considerations for the 2020 Tax Year

Tax season

Written By: Scott Crowe The COVID-19 pandemic has brought changes to the tax landscape for the second consecutive year, as legislation surrounding stimulus beginning with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), and continuing with the recently passed American Rescue Plan Act, altered the tax code. Amid the changing tax landscape, the…

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Charitable Giving, the Tax-Wise Way

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Americans—especially the affluent—are some of the most charitable people in the world.* Chances are, you use some of your wealth to support favorite causes or organizations that are important to you. But those contributions may not be having as big an impact as they could—and it’s possible you’re missing out on some valuable charitable tax…

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Tips to Ease the Tax Madness

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With memories (nightmares?) of this year’s tax season fresh on your mind, now is the perfect time to consider strategies and actions to make next year as painless as possible for you, your tax preparer and your bank account. 1. Assess Your Latest Effort Did you have all your records at your fingertips? Did you…

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The Tax Madness

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“The hardest thing in the world to understand is the income tax.”  – Albert Einstein We are sure that many of us, would indeed, echo the sentiments of Mr. Einstein. There is no question that the world of income taxes can be a mystifying and sometimes challenging place. As we enter the final week of…

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7 Tips To Ease Your Pain Of Taxes

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With memories (nightmares?) of the tax season fresh on your mind, now is the perfect time for strategies and actions to make it as painless as possible for you, your tax preparer and your bank account. 1. Assess Your Latest Effort Did you have all your records at your fingertips? Did you have to go…

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7 Tips to Ease Your Pain for Next Tax Season

taxes, money

With memories (nightmares?) of the recent tax season fresh on your mind, now is the perfect time for strategies and actions to make the next one as painless as possible for you, your tax preparer, and your bank account. A smoother tax season next year starts with an honest and thorough look at what you…

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