January 8, 2024
In 2024, the standard deduction you could claim on your taxes was raised to almost double the past amount. Many American families will see the savings reflected when filing their taxes for 2024. The IRS recently announced the new adjustments for the 2024 tax deduction. There were a few surprises; namely, the standard deduction has Read more
January 8, 2024
Updated: November 25, 2022 Tax day, which is slated for May 17, is fast approaching. In addition to gathering your important documents and making an appointment to see an accountant, you’ll need to be on the lookout for tax scams. Each year scammers come up with new and innovative ways to siphon money out of Read more
January 8, 2024
The end of 2023 is fast approaching. Soon, you’ll need to file your taxes. Tax season doesn’t have to be filled with dread and worry. There is still time to make your 2023 tax filing a more successful one. Follow these tax tips and you may have a better 2023 tax experience. Things to do Read more
January 8, 2024
It’s the end of the year, and the stock markets are down. It’s true; the markets may not have been too favorable to many people this year. There is a bright side to the dismal markets. It presents an opportunity to capitalize on tax savings by selling low performing stock: this is called tax loss Read more
March 17, 2021
Last Updated: March 17, 2021 Just how big of an expense are taxes? On average, you can be expected to spend 25-35 percent of your salary on taxes each year. That means 3-4 months of each year (or 13 years of your life) goes towards paying off your tax obligation. Unfortunately, as long as you’re Read more
July 18, 2020
If you’re looking for a way to supplement your retirement income, why not consider an individual retirement account (IRA). There are a couple of different types of IRAs: traditional, Roth, SIMPLE, and SEP. A traditional IRA is an account that grants the owner tax advantages when saving for retirement. You may open an IRA at Read more
October 17, 2019
A new job offer may include a 401(k) retirement plan as part of your benefits package. Perhaps everyone you know has a 401k. What is a 401k plan and how does it work? Do you actually know the answers? What Is a 401(k) Retirement Plan? A 401(k) is a retirement savings plan offered by your Read more
October 17, 2019
One of the more popular retirement accounts is an individual retirement account, or IRA. IRAs come in two main forms: a traditional and a Roth IRA, and both generally function the same way. The main difference between them is how they are taxed. How a Roth IRA Works A Roth IRA is a financial Read more