Listing of Our Taxes Blog Articles

When Should You Adjust Your W-4 Withholdings?
March 19, 2024
In accordance with the U.S. tax system, most individuals take the pay-as-you-earn (PAYE) approach.

Tax Prep Checklist: What to Gather Before Filing
December 19, 2023
There are five categories of tax information you must collect to successfully file your tax return.

Electric Vehicle Tax Credits: What You Need to Know
December 13, 2022
One of the main talking points of the Inflation Reduction Act is its impact on incentivizing people to buy an electric vehicle (EV).

How to Calculate Early Withdrawal Penalties on a 401(k) Account
December 13, 2022
If you are thinking of withdrawing money from your 401(k) plan before age 59-1/2, be aware of the potential IRS penalties and taxes.

Unprecedented 401(k) Boost For 2023
November 15, 2022
On October 21. 2022 the IRS announced a record increase in contribution limits to 401(k) and other tax-deferred retirement plans for 2023.

Now You Can Save More for Retirement: 2022 Contribution Limits
May 17, 2022
The Internal Revenue Service (IRS) evaluates and updates qualified retirement account contribution limits each year.

Aggregating RMDS – What Is (And What Is Not) Allowed
September 21, 2021
Be careful with multiple RMDs! Know the basic aggregation rules below.

12 Top Sources of Nontaxable Income
May 18, 2021
Most of the income you earn through work or investments is subject to federal income tax and, in some cases, to state taxes, as well.

2021 Tax Brackets and Other Tax Changes
December 15, 2020
On October 26, 2020, the Internal Revenue Service published the 2021 tax rates, allowances, and thresholds applicable for the tax law provisions that are adjusted annually for inflation.

Reasons To Think Twice About A 72(t) Payment Plan
November 17, 2020
Don't be lured into withdrawing IRA funds before age 59-1/2 by an IRS rule that allows you to avoid the 10% penalty.

August 31, 2020 Deadline for Qualified Plan Actions
August 18, 2020
Due to the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, certain actions must be taken by August 31, 2020, regarding qualified retirement plans. If you have taken a 2020 RMD, sponsor an employee plan, or made a 2019 IRA contribution, be sure to read this article.

SECURE Act Makes Major Changes in IRA Rules
February 18, 2020
If you are a small business owner, a part-time worker, approaching or over age 70-1/2, a beneficiary of someone's IRA account, or the owner of a 401(k) plan, you MUST read about the changes made by the SECURE Act of 2019.

Property Taxes (And How To Lower Them)
February 19, 2019
Property taxes are a major source of income for the city, county, and state governments, and other entities such as school districts. Knowing more about these taxes may help you to lower yours.

Qualified Charitable Distributions
February 19, 2019
If you are over the age of 70-1/2, there is a way to reduce your taxable income, and therefore the taxes you pay, by taking advantage of the Qualified Charitable Distribution (QCD) from an IRA account.

HELOC and Second Mortgage Loophole
June 19, 2018
You may still qualify for the Home Equity Line of Credit deduction.

Required Minimum Distributions
February 25, 2014
These are withdrawals from IRA accounts required by the tax code once a person reaches the age of 70-1/2 and every year thereafter. The IRS imposes a 10% penalty if you get it wrong.

Retrieved 16 of 16 Taxes blog posts