Steven L. Granoff CPA, LLC

07/29/2022

End of week tax fact from Steven L. Granoff CPA

07/28/2022

Tax law provides a special benefit that allows a surviving spouse to make what is called a portability election. The portability election essentially allows the surviving spouse to add their deceased spouse's unused estate tax exclusion to their own. The question is whether to make the election or not.

When an individual dies, the value of that individual’s estate is subject to estate taxation, which is currently 40% of the individual’s taxable estate. However, there is a lifetime exclusion (exemption) to the estate tax, which for 2022 is $12.06 million. The lifetime exclusion can also be used...

07/27/2022

Here are the August 2022 Business Due Dates

07/27/2022

Some Wednesday Wisdom from your friends at Havertown based Steven L. Granoff CPA

07/26/2022

Pre-planning your retirement is important because the actual money you have to spend when you retire depends upon the after-tax sources of your retirement income. Thus it is important to understand how the various retirement vehicles are taxed. There is significant diversity in taxation since a retiree must consider both Federal and state taxes on retirement income.

That is an important question because the actual money you have to spend when you retire depends upon the after-tax sources of your retirement income. Thus it is important to understand how the various retirement vehicles are taxed.

07/25/2022

For people with disabilities and their families, taking advantage of these tax breaks can bring tremendous help. Watch this video to learn more.

07/25/2022

Set yourself up for success with Monday Motivation from Steven L. Granoff CPA

07/23/2022

Here's your of the week from your friends at Steven L. Granoff CPA.

07/22/2022

Steven L. Granoff CPA - Some Friday tax knowledge for our friends and colleagues.

07/21/2022

Daymond John, a man who worked his way to the top in more ways than one. His story is truly inspiring, and it's certainly worth exploring.

07/21/2022

Individuals with disabilities, as well as parents of disabled children, are eligible for several income tax benefits, including ABLE Accounts; the Disabled Spouse and Dependent Care Credit; and deductions for home modification, special schooling, nursing services, and others.

Individuals with disabilities, as well as parents of disabled children, are eligible for several income tax benefits. This article explains some of these tax breaks.

07/20/2022

From diapers to daycare, from braces to bicycles, parents are often shocked by the constant outflow of cash that starts days after bringing the baby home. Learn some tax and finance tips.