Is a Tax Break in Your Future?
Consider the inflation-adjusted tax brackets and higher standard deductions in 2024.
Breathing Room on High Earner Catch-up Contributions
Higher-earning individuals and plan sponsors have been handed a two-year reprieve on a change to catch-up contributions in retirement accounts. What are catch-up contributions? For individuals age 50 or older, the 2023 IRS annual limit of $22,500 for individuals contributing to a traditional or Roth 401(k) is expanded, allowing for an additional $7,500 in catch-up…
Uncle Sam Will Help You Pay for Solar Panels and Other Green Home Projects
Going green? Uncle Sam will provide tax credits covering some costs of solar panels, energy efficient doors and windows, heat pumps and more.
Read the Fine Print on the EV Tax Credit
New federal $7,500 tax credit for electric-vehicle purchases has a lot of fine print that limits who and what qualifies for the deduction.
Is an Army of Auditors Coming for You?
R-E-L-A-X – New IRS funding means more employees to process returns, answer phone calls and scrutinize high-end individuals and corporations that evade taxes.
IRS Offers a New Identity-theft Shield
Protect yourself further from identity theft with the Internal Revenue Service’s new PIN code.
Top 10 Articles of 2022
As 2022 draws to a close, we’re revisiting the most popular insights of the year.
Grandma and Grandpa May Hold the Key to the American Dream
How to unlock the American Dream for your kids and grandkids.
2022 Year-End Tax Planning Reminders
Ways to take advantage of current conditions to make your real wealth work harder for you.
Giving Tuesday: Bunching Charitable Gifts
Using a donor-advised fund for tax-smart charitable giving.