Now Is The Time To Set Up A Tax-Favored Retirement Plan
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for significant ... Read More >
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for significant ... Read More >
With the high cost of college, many parents begin saving with a 529 College Savings Plan when their children are babies. Contributions to these plans ... Read More >
A recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit ... Read More >
The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates ... Read More >
More than half of 16-to-24-year-olds are employed, according to the most recent statistics from the U.S. Bureau of Labor Statistics. A job can teach ... Read More >
Several factors are making 2023 a confounding tax planning year for many people. They include turbulent markets, stabilizing but still high-interest ... Read More >
The Social Security Administration (SSA) recently announced that the “wage base” for computing Social Security tax will increase for 2024 ... Read More >
If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided tax-wise ... Read More >
As an investor, you may want to look beyond the stock market and fixed-income alternatives. Allocating some of your money to gold and other precious ... Read More >
It is important to know about an opportunity to make a qualified charitable distribution (QCD) from your IRA. Individuals must receive annual required ... Read More >
Despite its name, the “kiddie tax” is anything but child’s play. If you’re not careful, this provision of the tax code can ... Read More >
Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. ... Read More >
The stock markets have experienced significant volatility over the last year, causing many investors to realize some significant gains — and incur ... Read More >
If you’re planning to move out of your current home, you face a tough question: Should you sell your home, or would it be more beneficial to ... Read More >
Seniors who must take withdrawals from their IRAs may be able to benefit from a special tax provision for qualified charitable distributions (QCDs). ... Read More >
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in tax-favored ... Read More >
Medicare health insurance premiums can add up — especially if you’re upper-income, married, and both you and your spouse pay premiums. Here ... Read More >
The IRS recently announced many inflation adjustments for the 2023 tax year. IRS Revenue Procedure 2022-38 provides details about these amounts. Because ... Read More >
High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment ... Read More >
Have you been contacted by a charity that pulls on your heartstrings and persuades you to open your wallet? There is a multitude of reputable charities ... Read More >