We cannot let a year go by without changes to the income tax regulations. The new Inflation Reduction Act of 2022 brings a number of tax law changes. The following are some of the more significant items: For those who receive Advance Premium Tax Credits for their Health Insurance Exchange (Obamacare) premiums, the Inflation Reduction …
Continue reading “Tax Changes from the Inflation Reduction Act of 2022”
It feels great skipping out on taxes and saving towards retirement by contributing to an IRA, but not so much when it comes time to withdraw that money – and pay those taxes. Hefty required minimum distributions (RMDs) can push you into a higher income bracket, which means paying even more taxes. Sound like you …
Continue reading “4 Reasons to Consider Making a Qualified Charitable Distribution (QCD)”
https://www.youtube.com/watch?v=axcj2z0Q7jM Watch the “On-The-Money” Vlog series with Roger Cowen.
Don’t let your 2020 tax refund fall victim to tax fraud. In the wake of increasing tax scams because of the pandemic, taking steps to protect yourself from identity theft is more important than ever. Here are five steps you can take to keep your refund—and your identity—safe. 1. File Early Filing early is …
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