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Video Series: Reduce Taxes

The Salvo Wealth Group

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Video Series: Reduce Taxes
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Surprising Facts of Roth IRAs
Jun 19, 2018
Surprising Facts of Roth IRAs
Jun 19, 2018

Surprising Facts of Roth IRAs: You are never too old to contribute. If you have earned income and your modified adjusted gross income is below an annually adjusted threshold ($135,000 for single filers and $199,000 for married filing jointly for 2018 )

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Jun 19, 2018
Retirement Plan Selection for Small Business Owners
Jun 14, 2018
Retirement Plan Selection for Small Business Owners
Jun 14, 2018

Retirement Plan Selection for Small Business Owners: elf-employed business owners wear many hats and juggle multiple responsibilities. One aspect that should not be neglected is saving for retirement through tax efficient vehicles, such as the SEP IRA, Solo 401(k), SIMPLE IRA or a defined benefit (pension) plan (the subject of a future alert). 

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Jun 14, 2018
Can’t Deduct Vacation Home Property Taxes?
Jun 14, 2018
Can’t Deduct Vacation Home Property Taxes?
Jun 14, 2018

Can’t Deduct Vacation Home Property Taxes? Consider Renting It: The recently enacted Tax Cuts and Jobs Act of 2017 imposed harsh limitations on the federal deductibility of state and local taxes. Beginning in 2018, the aggregate maximum amount of state and local taxes that may be deducted in any year (other than such taxes attributable to a business or real estate rented more than 14 days) is $10,000.

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Jun 14, 2018
Planning Tips & Tax Updates: New 20% Qualified Business Income Deduction
Apr 5, 2018
Planning Tips & Tax Updates: New 20% Qualified Business Income Deduction
Apr 5, 2018

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act, ushering in the most comprehensive tax law changes in thirty-one years.

A significant benefit afforded to business owners is new §199A which provides a 20% qualified business income (QBI) deduction and has the potential to effectively reduce the highest income tax rate from 37% to 29.6%.

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Apr 5, 2018
How Will The New Tax Bill Affect you?  You May Be Surprised.
Jan 12, 2018
How Will The New Tax Bill Affect you? You May Be Surprised.
Jan 12, 2018

Have you had a chance to read the 479 page new tax bill?

I wouldn’t define it as a page turner. Like most new laws, the new tax bill is complicated and confusing.

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Jan 12, 2018
James Malinchak Interviews Sal Salvo
Jan 9, 2018
James Malinchak Interviews Sal Salvo
Jan 9, 2018

James Malinchak interviews Sal Salvo

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Jan 9, 2018
Is Your IRA A Tax Ticking Time Bomb?
Jan 9, 2018
Is Your IRA A Tax Ticking Time Bomb?
Jan 9, 2018

Like most Americans you, probably have a retirement account such as a 401k, 403b, 457 or IRA, which means you are taking advantage of tax deferral.

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Jan 9, 2018
How the 20 Trillion Dollar US Debt could affect your retirement
Dec 12, 2017
How the 20 Trillion Dollar US Debt could affect your retirement
Dec 12, 2017

In this six year span we added 7.917 Trillion, a 68 percent increase from the $11.657 trillion debt at the end of 2009.

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Dec 12, 2017
Video Series: Learn how to potentially lower your taxes & plan for your future
Aug 8, 2017
Video Series: Learn how to potentially lower your taxes & plan for your future
Aug 8, 2017

Video Guide: Learn some of the best strategies that can potentially lower your taxes.

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Aug 8, 2017
If you make 400K+ annually you could be paying 50% or more in taxes.
May 25, 2017
If you make 400K+ annually you could be paying 50% or more in taxes.
May 25, 2017

Income Tax Reduction Strategies: Depending on your specific situation, this report will educate you on a few strategies which can potentially help you reduce income taxes, multiply your ability to accumulate wealth, retire sooner, and spend more time doing the things you love with the people you love.

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May 25, 2017

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"We are dedicated to enriching the well-being of our client’s families, businesses, and
charities while creating a positive impact on the community."

The Salvo Wealth Group’s founder, Sal Salvo, offers securities and investment advisory services through Summit Equities, Inc., Member FINRA/SIPC and Financial Planning services through Summit Equities, Inc.’s affiliate Summit Financial Resources, Inc. 4 Campus Drive, Parsippany, NJ 07054. Tel. 973-285-3600 Fax. 973.285.3666.

© Summit Financial Resources. Inc | Disclosures
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4 CAMPUS DRIVE. 2ND FLOOR | SALVO WEALTH GROUP | PARSIPPANY. NJ 07054 | PHONE: (973) 285-3580