Brendan Willmann, CPA, EA, CFP®
Asheville: 828-348-8698
Cincinnati: 513-549-2736

Tax Preparation

This category contains 2 posts

Is my Traditional IRA contribution deductible?

Potentially.  There are a host of rather complex rules governing the deductibility of Traditional IRA contributions. Traditional IRA contributions can either be deductible or non-deductible.  To further complicate matters, a contribution may be partially deductible (and thus partially non-deductible as well).  Deductibility depends upon filing status, income and whether you and your spouse (if applicable) […]

Is Social Security Taxable?

Social Security benefits are tax-free for some and partially taxed for others. To determine the taxation of your benefit it is important to understand a concept called “provisional income.”  Provisional income is a fairly complex calculation involving half of your Social Security income, other income (including tax-free interest) along with a few adjustments.  Provisional income […]