Ong & Company Blog

Tax Deductions for Assisted Living Expenses

Richard Ong / August 19, 2019 /

Tax Planning, Tax Deductions

...

Read More

Marriage Income Tax Penalty Lives On!

Richard Ong / August 14, 2019 /

Tax Planning

...

Read More

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 ...

Read More

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 ...

Read More

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. ...

Read More

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 ...

Read More

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 ...

Read More

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 ...

Read More

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. ...

Read More

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 ...

Read More