I have the pleasure of writing this weeks Social Security blogs and sharing information on WEP and GPO.  WEP (Windfall Elimination Priovision) and GPO (Government Pension Offset) both affect your Social Security.  Here are some details: The Windfall Elimination Provision reduces benefits for people who qualify for both Social Security and a government pension. A worker’s.. read more →

Did you know that Schlabig & Associates has two National Social Security Advisors (NSSA) on staff?  Tom Hager at our Kent, Ohio office and Vikki Kauffman at our Akron, Ohio office are both certified advisors in this area.   In fact – Tom Hager was the 2014 NSSA Advisor of the Year! Social Security planning.. read more →

I get this question a lot. What will my benefits be when my husband passes away? When one spouse dies, the other can collect Social Security survivor benefits. So spousal benefits (if being collected) now become survivor benefits. This is applicable for either spouse, but let’s take a look at John and Cheryl: The amount.. read more →

New rules which eliminate restrictions on claiming the Credit for Increasing Research Activities (R&D Credit) on amended returns could mean tax savings for many individuals and businesses (TD 9666). On June 2, 2014 the IRS amended the Regulations to remove a restriction that prevented taxpayers from making an election to use the Alternative Simplified Credit.. read more →

John Kasich just approved a bill that will accelerate and enhance tax reductions to further Ohio’s economic growth. The Individual 1% income tax cut will now be retroactively effective to the beginning of 2014 instead of starting January 1, 2015. Read his statement here. The Ohio Small Business Deduction which was new in tax year.. read more →