There still may be time to make an IRA contribution for last year

Tuesday, March 21, 2023
If you’re getting ready to file your 2022 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you’re...... Read More

Do you hire domestic workers?

Tuesday, March 07, 2023
You’ve probably heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or other household employee (who...... Read More

Eligible tax breaks for adopting a child

Tuesday, February 28, 2023
Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able to claim a credit against their federal tax for up...... Read More

How are savings bonds taxed?

Tuesday, February 21, 2023
Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself. You may wonder how...... Read More

When do Secure 2.0 provisions go into effect?

Tuesday, February 14, 2023
A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community...... Read More

Getting the most out of your 401(k) plan

Tuesday, February 07, 2023
Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to...... Read More

Consider filing your return early to protect your identity

Tuesday, January 31, 2023
The IRS announced it opened the 2023 individual income tax return filing season on January 23. That’s when the agency began accepting and processing 2022 tax year returns. Even if...... Read More

FAQs about Taking withdrawals from IRAs

Tuesday, January 24, 2023
As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA (including a SIMPLE IRA or SEP IRA)...... Read More