by admwiu | Dec 6, 2023 | Newsletter, Tax planning
Over time, finances tend to get complicated, especially when you’re juggling multiple goals and accounts. Simplifying your finances requires a bit of effort up front, but making just a few changes may help free up more time to focus on your financial priorities. Make...
by admwiu | Dec 6, 2023 | Newsletter, Retirement, Tax planning
The $1.7 trillion appropriations bill passed by Congress at the end of last year included some notable provisions affecting workplace retirement plans and IRAs. Dubbed the SECURE 2.0 Act of 2022, the new legislation builds on the sweeping Setting Every Community Up...
by admwiu | Dec 6, 2023 | Newsletter, Tax planning
In either case, IRS rules allow a married couple to fund separate IRA accounts for each spouse based on the couple’s joint income. The total of both IRA contributions cannot exceed the total taxable income reported on the couple’s joint tax return. You can make...
by admwiu | Dec 6, 2023 | Newsletter, Retirement, Tax planning
Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts. Here are a few of the key adjustments for 2023. Young blogger or...
by admwiu | Dec 6, 2023 | Business owners, Newsletter, Tax planning
There’s a certain amount of risk that comes with owning a business. Accidents can happen no matter how well a company is run, and a lawsuit could prove to be devastating if the business is found to be at fault. Interior of a third wave coffee shop. A limited liability...
by admwiu | Dec 6, 2023 | Newsletter, Tax planning
College students and parents deserve all the help they can get when paying for college or repaying student loans. If you’re in this situation, here are three federal tax benefits that might help put a few more dollars back in your pocket. American Opportunity...
