Health Savings Accounts

Get the most from yours! Health Savings Accounts (Individual) At Maco & Associates, we don’t seek to only help you minimize your taxes when it is time to prepare your…

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Tax Insights – May 2020

CARES Act Brings Relief to Individual Taxpayers The recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provided relief to taxpayers in a number of ways. The due…

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Cancellation of Debt

In most cases, taxable income is a fairly straightforward figure to calculate. Typical sources of income – such as wages, self-employment, interest, or dividends – are reflected as cash that…

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Tax Insights – April 2020

Tax Notes The IRS advised that high deductible health plans (HDHPs) can cover the costs for testing and treatment of COVID-19 without losing their status as an HDHP. As we…

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Gift Taxes: A Primer

While most adults are keenly aware of income taxes and income tax returns, there is a lesser-known type of tax return that may be required for certain individuals. As the…

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Tax Insights – March 2020

Do You Have a Balance Due? If planned correctly, tax time shouldn’t have to be unpleasant. I can help you with that. If you wind up with a balance due,…

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