Required Minimum Distributions: What’s The Story? Once you reach a certain age, you must take an annual required minimum distribution, which is a payout from your traditional IRA, 401(k) or other retirement account. The required amount is calculated based...
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What Qualifies for a Home Energy Credit and How Can I Receive One? Written by: Anna McDonough Summer is here, and you know what that means, it’s time for home improvement projects! Did you know that certain utility upgrades...
The SECURE — Setting Every Community Up for Retirement Enhancement — Act was passed in 2019. After that, SECURE Act 2.0 was passed in December 2022 and went into effect Jan. 1, 2023. The secondary SECURE Act establishes new...
It is somewhat unusual to highlight 2026 taxes in 2024, but we are in an unusual situation: Many of the provisions in 2017’s Tax Cuts and Jobs Act will expire at the end of 2025 unless Congress acts to...
Help us ensure your taxes get filed on time! As a taxpayer, you are likely aware that April 15th is National Tax Day. This is the day individual income tax returns are due to the federal government and to...
Tax seasons often come with their fair share of alterations and updates, and the year 2023 has introduced a range of changes that taxpayers should be mindful of when filing their returns. These shifts encompass various aspects, from deductions...
As the new year begins, businesses and individuals are working through numerous deadlines, including the less-than-favorite form 1099 filings. We answer all your questions here about filing your 1099s. What is Form 1099? Form 1099 is an information return...
Dear clients and friends, As the holiday season rapidly approaches and we are nearing the end of 2023, we are excited to let each of you know about a simple yet exciting change we’ve been rolling out. In fact,...
What’s Your Taxpayer Filing Status? For many people, December 31 means a New Year’s Eve celebration. However, from a tax perspective, it’s a key date in determining the filing status you’ll use when filing your tax return for the...
Year-end Gifts And The Gift Tax Annual Exclusion With the holidays and year-end approaching, you might be considering making gifts of stock or cash to family members and other loved ones. By using your gift tax annual exclusion, those...