Taylor Financial

Taylor Financial Our mission is to create an exceptionally distinctive one-stop experience for our clients.

For our latest Team Experience Challenge, intern Hannah Phillips stepped up to create and lead a 20 minute ESCAPE ROOM t...
06/22/2026

For our latest Team Experience Challenge, intern Hannah Phillips stepped up to create and lead a 20 minute ESCAPE ROOM that engaged our entire office from start to finish.

The challenge tested communication, creativity, teamwork, and plenty of patience. Hannah demonstrated strong leadership and adaptability while creating a fun experience that brought everyone together.

Great minds. Stronger teams.

We are proud of Hannah’s creativity, initiative, and leadership.

06/19/2026

Can you still deduct interest on a HELOC?

Yes, but the rules are not what many people remember.

Under the old rules, people often talked about deducting interest on the first $100,000 of home equity debt.

Today, the bigger question is:

What did you use the money for?

HELOC interest may be deductible only if the money is used to buy, build, or substantially improve the home that secures the loan.

So if you use a HELOC to remodel a kitchen, replace a roof, add a room, or make a major improvement to your home, the interest may qualify.

But if you use that same HELOC to pay off credit cards, buy a car, take a vacation, or cover personal expenses, the interest generally does not qualify.

Same loan.

Potentially a very different tax result.

And remember, you only benefit if you itemize deductions.

The tax treatment is not based on how much you borrowed. It is based on what you did with the money.

That is where planning matters.

Financial freedom does not happen by accident. It happens by design.

Growth never stops at Taylor Financial! A big congratulations to Steven Lusk on his graduation from the Dale Carnegie Co...
06/17/2026

Growth never stops at Taylor Financial! A big congratulations to Steven Lusk on his graduation from the Dale Carnegie Course. Steven’s dedication to mastering relationship-building and leadership skills perfectly reflects our core values of Integrity, Relationships, and Excellence. Way to go, Steven! We're lucky to have you on the team.

06/16/2026

Nobody likes seeing losses in their portfolio.

But not every investment loss is wasted.

With tax loss harvesting, losses in a non qualified brokerage account may be used to offset gains elsewhere in your portfolio. And if losses exceed gains, you may be able to use up to $3,000 per year to offset ordinary income, with the rest carrying forward into future years.

The key rule to watch is the wash sale rule. You generally cannot sell an investment for a loss and immediately buy it right back without risking the loss being disallowed by the IRS.

The big takeaway: losses are not always just losses. When used properly, they can become part of a smart after tax investment strategy.

Reach out if you want to understand how this may apply to your situation.

06/10/2026

CPA or Enrolled Agent?

A lot of people assume they are basically the same thing, but there are some important differences.

A CPA is licensed at the state level and may focus on taxes, accounting, audits, bookkeeping, and business financials.

An Enrolled Agent is federally licensed directly through the IRS and can represent taxpayers before the IRS in all 50 states.

For many people in Florida, where there is no state income tax, the tax conversation is often heavily focused on federal planning. That is where an EA can bring a lot of value.

But the real question is not always “which credential is better?”

It is “who actually specializes in the type of planning and advice you need?”

Credentials matter, but experience, strategy, communication, and specialization matter too.

06/02/2026

A Donor Advised Fund, or DAF, can be one of the more tax efficient charitable giving tools available, especially during a high income year.

Think of it almost like a charitable investment account.

You contribute cash or investments into the account.

You may be eligible for a charitable deduction.

Then you can recommend grants to charities over time.

One area where this can become especially powerful is with appreciated securities.

For example, let’s say you bought stock years ago for $20,000 and today it is worth $100,000.

If you sold the stock first, you may owe capital gains taxes on the $80,000 gain.

But if you transfer those shares directly into a Donor Advised Fund, you may be able to reduce or avoid capital gains on the donated amount, subject to IRS rules, and may be eligible for a charitable deduction based on fair market value, subject to applicable limits.

This can be especially helpful in high income years, such as when you sell a business, exercise stock options, receive a large bonus, or complete a Roth conversion.

This strategy is often called “bunching.”

You stack multiple years of charitable giving into one higher income year, potentially maximize the tax benefit, and then still give to charities gradually over time from the DAF.

The big takeaway:

A Donor Advised Fund can help combine charitable intent with tax planning.

It is not right for everyone, but for the right family, it can create flexibility, tax efficiency, and a more strategic way to give.

05/29/2026

If you have ever looked at your benefits package and wondered, “What is the difference between an HSA and an FSA?” you are not alone.

They may sound similar, but they work very differently.

An FSA, or Flexible Spending Account, is typically a short-term spending account. You put money in pre-tax, but if you do not use it by the deadline or grace period, you may lose it.

That can make an FSA useful for predictable expenses like prescriptions, doctor visits, dental work, vision costs, or planned procedures.

An HSA, or Health Savings Account, works differently. It is tied to a high deductible health plan, but it can come with a much bigger long-term tax advantage.

You may receive a tax deduction going in, the money can grow tax free, and withdrawals can be tax free when used for qualified medical expenses.

For 2026, the HSA contribution limits are $4,400 for self-only coverage and $8,750 for family coverage.

The big takeaway:

FSAs are usually short-term tools.

HSAs can be long-term wealth-building tools.

Not everyone qualifies for an HSA, and the right choice depends on your situation, but if you have access to one, it is worth taking a closer look.

At Taylor Financial, we help clients look at the bigger picture, including benefits, taxes, investments, retirement planning, and long-term strategy.

05/26/2026

Here’s something that catches a lot of investors off guard.

You can owe taxes on an investment even if the investment itself lost money.

This often happens with mutual funds because the fund manager may sell positions inside the fund at a gain. Those gains can be passed through to shareholders as capital gains distributions.

So even if your fund is down for the year, you may still receive a taxable distribution.

That does not mean mutual funds are bad, but it does mean investors should understand how different investments are taxed and why tax efficiency matters.

The big takeaway: taxes do not always follow your account balance. They follow the activity inside the investment.

At Taylor Financial, we help clients look at the bigger picture, including investments, taxes, retirement, estate planning, and long term strategy.

05/21/2026

There is a tax many high earners do not realize they are paying.

It is called the Net Investment Income Tax, or NIIT.

This is an additional 3.8% tax that may apply to certain types of investment income once your income crosses specific thresholds. That can include interest, dividends, capital gains, rental income, and other passive income.

The part that catches many people off guard is the “crossover zone.” A bonus, stock sale, Roth conversion, or other income event could push you over the threshold and expose part of your investment income to this additional tax.

That is why tax planning is not just about how much income you have. It is also about when you recognize that income.

Coordinating with your advisor and CPA can help you make more informed decisions around investments, taxes, and long term planning.

05/19/2026

Not all investments are taxed the same.

Two investments could both generate the same return, but the amount you actually keep after taxes could be very different.

That is why tax planning and investment planning should work together.

Ordinary income, capital gains, municipal bond interest, Roth IRAs, HSAs, and 529 plans can all be taxed differently depending on how they are used.

The big takeaway: good investing is not just about chasing returns. It is about building a strategy that is efficient after taxes.

Because at the end of the day, it is not what you earn. It is what you keep.

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Tampa, FL
33634

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