Newsletter August 11, 2022
The Inflation Reduction Act and Taxes: What You Should KnowYou’re probably not thinking much about taxes right now, in part because record inflation has you paying sky-high prices for essentials like food, clothing, and gas. But the U.S. Senate on Sunday passed the...
Newsletter June 23, 2022
Don't Pay Too Much Self-Employment TaxAre you self-employed? If so, it’s important to make sure that you’re not paying too much in self-employment taxes. This type of tax is meant to cover your Social Security and Medicare contributions, but it can be easy to pay too...
Newsletter May 18th, 2022
How Taxes Impact Your Wealth GapImagine you’re standing on the bank of a river. The bank you’re standing on represents your current financial status, and the opposite bank is the amount of wealth you need for retirement. The river itself is the difference between how...
Newsletter April 1, 2022
Ways to Increase Your After-Tax Investment ReturnsTaxes are a drag. A drag on your investment return, that is. Dividends are taxable, interest income is taxable and capital gains are taxable. Your after-tax investment return – what you keep, not make, on your...
Newsletter March 25, 2022
Why Your Tax Refund Could Be Bigger This YearAt a time when many Americans are paying more for everything from gas to ground beef, tax refunds will provide much-needed cash for many families. And this year, those refunds could be particularly generous. Through the...
Newsletter January 13, 2022
Earn Side Income? Know This New Tax RuleA new rule by the Internal Revenue Service (IRS) changes the way third party network transactions are reported on Form 1099-K for self-employment income earned in 2022 and beyond. Form 1099-K is used to report...
Newsletter December 31, 2021
Overlooked Tax Deductions for the Self-EmployedThanks to the pandemic and the "Great Resignation," more people are leaving their traditional jobs and venturing out on their own. Self-employment can lead to more money, flexibility, control, or personal satisfaction,...
Newsletter: December 27th, 2021
Make Charity Gifts In A Tax-Smart WayA new law governing retirement plans, called the SECURE Act (Setting Every Community Up for Retirement Enhancement), went into effect last year. But there are still a lot of questions people have about the shifts. For help …Forbes...
Newsletter December 2, 2021
Tax Strategies for a Bonus or WindfallYes, it's inevitable: That cash bonus for a job well done can result in you paying a more significant chunk of money to the Internal Revenue Service (IRS). To start, the IRS considers bonuses to be supplemental wages,...
Recent Comments