Ong & Company Blog

Tax-Wise College Housing

Does your child, grandchild, or someone else you know need a place to live while attending college? Instead of renting a dorm or apartment, buying a condo or small house might make more sense. This ...

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Tax-Wise Charitable Contributions

Despite what you may have heard from friends or family, you can still claim generous tax benefits for charitable contributions. Here are three prime examples of charitable tax breaks ripe for the ...

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Summer Tax Savings

Cash in on summertime tax savings Summer is usually the time for relaxing, but it can also be a time for tax savings, especially if you're still reeling from an unexpectedly large tax bill in April. ...

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Estimated Tax Deadline Approaching

Second Quarter Estimated Taxes Due If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The second quarter due ...

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Net Investment Income Surtax

Richard Ong / May 29, 2019 /

Tax Planning

The new tax legislation enacted late in 2017 rewrites large sections of the tax code. However, one key provision for investors has remained in place: the tax on net investment income (NII). Although ...

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Gig Economy Tax Tips

Are you involved in the gig economy — or the labor market made up of freelance and other temporary work — that's gaining popularity? This type of sharing economy involves individuals and groups who ...

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New "Kiddie Tax" Tax Rules For 2018

Richard Ong / March 23, 2019 /

Tax Planning

Ways to save with the new kiddie tax rules The kiddie tax isn't just child's play. Due to recent tax law changes, children with substantial income may end up paying more in taxes than before. ...

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New Alimony Tax Rules for 2019 Divorce Decrees

Is alimony still deductible by payers and taxable to recipients? It depends. There is some confusion around recent tax law changes, but the prior rules generally remain in effect for divorce and ...

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Unexpected Tax Bill?

Big 2018 tax bill? 4 ways to owe less next year Recent tax legislation includes a bevy of tax breaks for individuals. However, as you may discover when you're filing your 2018 return, not everyone ...

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Married Filing Jointly or Separately?

Richard Ong / February 12, 2019 /

Tax Planning

Consider this when choosing to file jointly or separately If you're married, it's better to file a joint tax return, rather than separately ... right? That's usually true, but not always. It depends ...

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