Georgia Rural Hospital Tax Credit and Qualified Education Expense Credit Under the New Tax Law

Prior to 2018, the financial benefit for Georgia taxpayers to utilize the Rural Hospital Tax Credit and the Qualified Education Expense Tax Credit accrued only to those who faced alternative minimum tax (AMT).  Georgia taxpayers who were not subject to AMT had the opportunity to direct the application of their state taxes to a specific [...]

Tax Planning Strategies Under the New Tax Law

The first sentence of our early November 2017 Astute Angle post read "It is November 8th, 2017 as this is written and there is no doubt that a lot will happen with the Tax Cuts and Jobs Act before the end of the year."  As expected, a lot did happen to the initial Tax Cuts [...]

Zero-Based Budgeting Applied to Personal Finance

If you have ever run a businesses or worked in corporate finance, you are likely familiar with the concept of zero-based budgeting (ZBB) as an alternative to traditional budgeting.  The traditional form of budgeting - and the one most commonly used in corporate America - uses the amount spent last year in each category (or [...]

Why Many Parents Should Reconsider Covering College-aged or Adult Children on their Health Insurance

Parents generally believe that the longer they can claim their children as dependents, the more tax savings they will accrue.  This is a misleading fallacy for most high-income families.  The reality is that most parents with more than $200,000 of annual income get zero tax benefit from their children and may continue to get limited [...]