Read how you may be able to save a bit on taxes if considering a CCRC. You may potentially be able to deduct a portion of the initial buy-in and ongoing rent.
SECURE 2.0 has 90+ new or updated retirement provisions. For retirees, this means expanded catch-up contributions, charitable gifting options, and changes to RMDs.
SECURE 2.0 is primarily meant to strengthen Americans’ ability to retire by enhancing savings options. For workers, this means automatic enrollment in retirement plans, enhanced matching, and flexibility to use savings for emergencies.
There have been so many recent announcements related to 2023 adjustments, let’s just tackle them all together!
Solar panels, corporate taxes, and Medicare prescription drugs – oh my! Read the highlights of Biden’s latest bill.
Market downturns, like the one through the first half of 2022, could be a good time to adjust your fund portfolio to minimize the tax bite. Here’s how to calculate the best ways to do that – now and in the future.
SECURE Act 2.0 focuses on incentivizing people to save more for retirement. But will it be passed?
Planning ahead for IRMAA surcharges has become more important as the bracket tiers narrow and Medicare premiums increase.
Charitable donations create charitable deductions which dollar-for-dollar reduce your taxable income. Special legislation in 2020 and 2021 benefits even those taking a Standard Deduction.
Passive income can unintentionally cause tax penalties for late or underpayments. This is avoidable by making estimated tax payments.
Read about how tax planning opportunities could change in the coming years due to the upcoming election.
Apart from stimulus checks, small business loans, and expanded unemployment, there are a few “hidden gems” sprinkled throughout the CARES Act that are worth noting.
The U.S. Department of the Treasury is delaying the April 15th deadline to file and pay taxes by 90 days, giving individuals and businesses another
This year I had many families and small business owners asking for CPA recommendations. Surprisingly, the recent tax code changes that were meant to simplify
Because of the generous capital gains exclusion on selling a primary residence, you may find that you do not owe Federal taxes when it comes
Adjusted Gross Income (AGI) Gross Income (Salary, Investment Earnings, etc.) – Allowable Deductions, Credits, and Exemptions =Adjusted Gross Income The goal is to reduce
Feeling insecure in your ability to banter on about politics, taxes, and headline news the next time you sit down with family and friends? I
Inspired by a question in the North Andover Mom’s Facebook Group! As a business grows from a hobby or planned venture, it’s important to put
If there’s anything as disconcerting as having the Internal Revenue Service (IRS) call you about a problem, it’s having to call them. Dealing with the
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