BHCB would like to wish everyone a Happy Labor Day weekend. Both offices will be closed on Monday September 2nd in observance of Labor Day.

If you requested an extension for your 2023 federal income tax return, you have until six months from the original due date — October 15, 2024, to be exact — to wrap things up. This extra time may give you the opportunity to lower your overall tax bill and possibly increase a refund. Here are […]

Under tax law, medical expenses can be deducted as an itemized deduction on your federal income tax return only to the extent that they exceed 7.5% of adjusted gross income (AGI). But it can be difficult to actually claim a deduction for many people because of the requirements. To Itemize or Not to Itemize? First […]

In recent years, the residential real estate markets in many areas have surged. That means there are more seniors with highly appreciated homes than ever before. If you’re facing this situation, you might be rightfully concerned about the potential tax hit on the sale. Here’s a tax-saving strategy to consider.  Home Sale Tax Basics If […]

On Thursday, the BHCB team came together for our annual Summer outing. This year the outing was held at the Silver Sands Beach & Tennis Club in East Haven. It was a beautiful sunny day filled with delicious food and great conversation.

Today was the last day in the office for BHCB’s 1st ever audit intern. Benjamin Bluestein has been an asset to our audit team during his time with us. His internship began in June. We celebrated him today with lunch in our Fairfield office. Ben will be returning to University of New Hampshire for his […]

Let’s say a person is planning to take a plane trip out of the country. And further suppose that individual owes the federal government a fair amount of back taxes. The person may not be able get a passport if he or she owes the government a significant amount of back taxes. The IRS is […]

Quick, how many subscription services are you currently paying for? Whatever the number, it’s likely you missed one or two. Subscription services have been around for a long time – think newspaper and magazine subscriptions. Today, however, they’ve ballooned to include digital subscription services such as video and music streaming, internet and cell phone. Food […]