As 2023 winds down, it’s time to gear up for a financially savvy 2024! We’ve got you covered with expert tips to boost your savings, slash your tax bill, and keep your financial goals on track. Max Out Retirement Contributions Employer Retirement Plans Deadline: Ensure contributions to employer-sponsored retirement plans like 401(k)s are completed by […]
Navigating the complexities of tax filing can often seem daunting, especially when it comes to understanding deductions. One critical aspect of the tax filing process is the decision between itemizing deductions and opting for the standard deduction. What Is The Standard Deduction? The standard deduction is a fixed amount that taxpayers can subtract from their […]
As taxpayers navigate the complexities of filing their tax returns, one key decision stands out: whether to take the standard deduction or to itemize deductions. Itemized deductions offer a tailored approach to reducing taxable income, allowing taxpayers to deduct specific eligible expenses like mortgage interest, state taxes, and charitable donations. What Are Itemized Deductions? Itemized […]
The IRS released the 2021 Tax Rate Brackets recently. Here is a side-by-side comparison with the 2020 brackets. Hope it helps!
Did you know your child can save you thousands of dollars on taxes? Find out how by reading these tax tips for new parents.
Get better prepared for tax season with this handy guide for your HSA and Tax Returns. Guidance on contributions, withdrawals, and tax forms.
Have you ever wondered, “Should I invest in a 529 College Savings Plan?” Join me as I take a look at the Pros and Cons of putting your money in a 529 Plan.
What are the best uses of an HSA? Let’s look beyond the traditional medical use and see if we can find more beneficial uses for an HSA. Perhaps for college?
The Tax-Free HSA is one of the most tax-favorable places you can put your money. Find out all the tax benefits and see how the money could grow over time.