LOVE AND TAXES
Reflecting Life Changes In Your Taxes
YOU BOUGHT A HOME As the primary borrower on your home loan, it’s possible you’ll qualify for a deduction. If you’ve owned a home for some time, there’s also a long-time resident Work-related moving expenses are tax deductible, so hang on to your receipts. To ensure a smooth transition after you’ve rolled over your 401(k), set it up for direct deposit into the new account. And since tax brackets have changed in the last year, take a look at where you’ll land with your new job. As you review these changes and how they’ll impact you, talk to us about how you can set yourself and your family up for success this tax season. credit you may qualify for. YOU CHANGED JOBS
It’s the season of love. Whether you’re enjoying a quiet night in with your spouse or saluting the evening with your best friends on Valentine’s Day, this season also takes us another step closer to tax season. Before you settle into your Valentine’s Day plans, take a moment to review some of the life changes you experienced in the last year, and look at how they’ll affect your taxes. YOUR FAMILY GREW If you or your children welcomed new members into the family, there are some parts of your tax plan that may change. Children may qualify for a Child Tax Credit and/or Earned Tax Income Credit. When the time is right, you may also consider whether a 529 Plan makes sense for the little one, which can make you eligible for additional benefits.
TAKE A BREAK VALENTINE’S DAY COOKIE CARDS Inspired by Food & Wine magazine.
Ingredients • 2 1/4 cups all- purpose flour • 3/4 cup sugar • 1/4 teaspoon salt • 2 sticks unsalted
• 2 large egg yolks • 2 teaspoons pure vanilla extract • Royal icing, sprinkles, and edible markers, for decorating
butter, cold and cut into 1/2-inch cubes
Directions
1. Heat oven to 375 F. 2. In a mixing bowl, combine flour with sugar and salt. Add butter and combine using a mixer at low speed, until butter breaks down into small, crumbly pieces. Increase mixing speed to medium and mix until butter and flour clump. 3. Add egg yolks and vanilla extract to bowl, return mixer to low, and mix until dough congeals. 4. Carefully roll dough into a sheet 1/16-inch thick and cut into 4x6-inch cards. 5. On a parchment-lined baking sheet, bake cookie cards for 6 minutes, rotating the pan halfway through. 6. Let cookies cool completely, decorate, and distribute.
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