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Archive for October 2018

IRS Shuts Down State Tax Workaround

The IRS has released proposed regulations that would shut down some suggested workarounds for the new $10,000 limit on the deductibility of state and local taxes (SALT). The new guidance would close the door on a strategy offered by some states to circumvent the deduction limit by attempting to turn the taxes paid into charitable…

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Blockchain Explained: The Background Behind the Buzz

Blockchain is a data structure used to create a digital ledger shared among a distributed network of computers. In plain English, a blockchain reverses the way computer networks work and helps to make them more secure. Currently, computer networks connect to a central hub where information is stored. In blockchain, the information is stored on…

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Credit Freezes Can Help Protect You from ID Theft

Congress recently made several changes to credit rules that benefit consumers. You are now allowed to “freeze” and “unfreeze” your credit report free of charge at all three of the major credit reporting bureaus, Equifax, Experian and TransUnion. The law also extends free credit freeze protection to children under age 16 and increases initial fraud…

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Medicare Open Enrollment Runs from Oct. 15 to Dec. 7

The Medicare Open Enrollment Period is the time during which people with Medicare can make new choices and pick plans that work best for them. Each year, Medicare plan costs and coverage typically change. In addition, your health-care needs may have changed over the past year. The Open Enrollment Period is your opportunity to switch…

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