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Your Bank > Education and Advice > CNB University

Taxes

Title
Date
May 31, 2016
Podcast: Enhance Your Financial Fitness in 2016

The experts of this show featured Donna Cator, CFP®, and Maria Caton, CFP®, Vice Presidents and Investment and Financial Planning Officers with our Wealth Strategies Group.

May 31, 2016
Mar 11, 2016
Are My Student Loan Payments Tax Deductible?
Your actual student loan payments aren't deductible, but the interest portion might be, thanks to the student loan interest deduction. In 2016, the maximum deduction is $2,500. You don't need to itemize to claim this deduction.
Mar 11, 2016
Jan 11, 2016
Three Tax Planning Concepts
There are many ways to potentially reduce your tax burden. Here are three tax planning concepts that you should be familiar with.
Jan 11, 2016
Oct 28, 2015
Six Life Insurance Beneficiary Mistakes to Avoid
Life insurance has long been recognized as a useful way to provide for your heirs and loved ones when you die. Naming your policy's beneficiaries should be a relatively simple task. However, there are a number of situations that can easily lead to unintended and adverse consequences. Here are six life insurance beneficiary traps you may want to avoid.
Oct 28, 2015
Sep 21, 2015
Planned Charitable Giving

Charitable institutions stand to benefit as the first wave of baby boomers reach the stage where they are able to make significant charitable gifts. If you're like many Americans, you may have also considered donating to charity. While writing a

Sep 21, 2015
May 21, 2015
Reviewing Your Finances Mid-Year

You made it through tax season and now you're looking forward to your summer vacation. But before you go, take some time to review your finances. Mid year is an ideal time to do so, because the demands on your

May 21, 2015
Dec 23, 2014
Will changes in estate tax keep you in NY or send you packing?

In the past 15 years, the federal government has actively modified the laws that dictate how much of a taxpayer’s estate will be subject to federal estate tax. The federal exemption from estate tax is now $5,340,000 per person and

Dec 23, 2014
Jun 09, 2014
Tax Benefits of Home Ownership
In tax lingo, your principal residence is the place where you legally reside. It's typically the place where you spend most of your time, but several other factors are also relevant in determining your principal residence. Many of the tax benefits associated with home ownership apply mainly to your principal residence--different rules apply to second homes and investment properties. Here's what you need to know to make owning a home really pay off at tax time.
Jun 09, 2014
Feb 26, 2014
Women and Estate Planning Basics

When it comes to estate planning, women have unique concerns. The fact is that women live an average of 4.8 years longer than men. That's important because it means that there's a greater chance that you'll need your assets to

Feb 26, 2014
Feb 24, 2014
Strategies to Consider to Reduce your Tax Bite

Although tax season is still a short time away, tax planning is a step you should take in advance of year end. Waiting too long can rob you of the opportunity to implement strategies that can help reduce your income

Feb 24, 2014
Jan 03, 2014
Important Tax Facts to Consider for the New Year

Tax changes for higher income earners Starting with 2013 tax year a new 39.6% federal income tax rate applies if your taxable income exceeds $400,000 (single) or $450,000 (married filing jointly). If you cross that threshold, a new 20% maximum

Jan 03, 2014
Nov 13, 2013
Helping the Taxman to a Smaller Bite

Too soon to be thinking about income taxes? Not if you want to reduce your 2013 tax obligation. Waiting too long can rob you of the opportunity to use strategies, such as those below, that may help lower your bill

Nov 13, 2013
Nov 12, 2013
Education Tax Breaks: A Refresher Course

It’s back to school season. If you’re helping a child pay for college or taking some college courses yourself, study up on these tax breaks. Two Credits for Higher Ed Expenses The American Opportunity Tax Credit is available for the

Nov 12, 2013
Sep 26, 2013
Exit Strategies for a Family Business Owner
The manager of a family business who is considering retirement often has four goals: paying as little in taxes as possible, keeping the business in the family, treating heirs fairly, and ensuring competent successor management. But achieving these goals is often a challenge. A business exit must be custom fitted to your financial situation and your desires for management succession. The following are some possible strategies that you may want to consider — with the help of your professional advisors.
Sep 26, 2013
Jul 10, 2013
Federal Estate Tax Exemption — “Permanent” and Portable

When estate taxes hit, they can hit hard. So taxpayers can take a lot of comfort in the fact that the American Taxpayer Relief Act (ATRA) dated January 3, 2013 has set the federal estate tax exemption at $5.25 million

Jul 10, 2013
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