Two Five-Year Tests for Roth IRAs

The pros and cons of Roth IRAs, which were introduced 20 years ago, are well understood. All money flowing into Roth IRAs is after-tax, so there is no upfront tax benefit. As a tradeoff, all qualified Roth IRA distributions can be tax-free, including the parts of the...

The New Tax Law Will Change Divorce Tactics

When couples divorce, financial negotiations often involve alimony. The tax rules regarding alimony were dramatically changed by the Tax Cuts and Jobs Act (TCJA) of 2017, but existing agreements have been grandfathered. In addition, the old rules remain in effect for...

Amanda Habich Promoted to TJT Audit Partner

TJT is proud to announce the promotion of Amanda Habich, CPA to the position of Audit Partner. Amanda has been with Thomas, Judy and Tucker, P.A. (“TJT”) since 2005 and has seventeen years of experience in public accounting.   Amanda’s industry experience extends...

2017 – Federal Tax Legislation Finalized

Most importantly, Merry Christmas and Happy New Year to you and your family from the owners and employees of Thomas, Judy & Tucker.  We appreciate your trust and look forward to working with you in the year to come. The Tax Cuts and Jobs Act has now passed both...