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Vehicle-Expense Deduction Ins & Outs

Vehicle-expense deduction ins & outs It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and Jobs Act (TCJA) might reduce your deduction compared to what you claimed...

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Is an HSA Right for You?

Is an HSA Right for You?   Health care costs have skyrocketed over the last few decades. Fortunately, health savings accounts (HSAs) allow qualifying individuals to pay for certain medical expenses with pretax dollars. Here is what you need to know to put an HSA to...

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Dialing in on Smartphones for Kids

Dialing in on Smartphones for Kids Do your kids (or grandkids) have a smartphone? On average, American children receive their first smartphone at the age of 10, according to a recent study by market research firm Influence Central. Smartphone Use Is Up...

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Is Social Media Activity Putting You at Risk?

Is Social Media Activity Putting You at Risk? Winter can be a busy time for travel. Snowbirds try to escape the cold. Grandparents long to visit loved ones in distant cities. Jetsetters want to ring in the New Year in a memorable locale. Regardless of the...

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Landmark Tax Reform Bill Passes

Landmark Tax Reform Bill Passes The Tax Cuts and Jobs Act (TCJA) may have put a crimp in some of your summer plans by eliminating or scaling back certain tax breaks. But individuals and small business owners still have plenty of opportunities to save...

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How Might the New Tax Reform Law Affect You?

How Might the New Tax Reform Law Affect You? How Might the New Tax Reform Law Affect You? President Trump and Republican members of Congress say the Tax Cuts and Jobs Act (TCJA) will bring $3.2 trillion in tax cuts. Now that the bill has passed, everyone...

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New Law Revamps the Kiddie Tax

New Law Revamps the Kiddie Tax Congress enacted the so-called "kiddie tax" rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children in lower tax brackets. Congress recently revamped this...

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Close-Up on Mortgage Interest Deduction Rules

Close-Up on Mortgage Interest Deduction Rules The Tax Cuts and Jobs Act (TCJA) imposes new limits on home mortgage interest deductions. Here's how the changes could affect your tax situation. What Is Home Acquisition Indebtedness? Under the tax law, home...

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At Aldridge, Borden & Company, we’re here for you when you need us. We strive to give our clients the personal attention they need to achieve their financial goals through every stage of life. Please contact us with any questions and let us know how we may help you.

74 Commerce Street. Montgomery, Alabama 36104
Tel: 334.834.6640 | Fax: 334.265.9605