November 30, 2022
Contribute More to Your FSA in 2023 axpayers that participate in employer-sponsored health Flexible Spending Accounts (FSAs) can contribute more in 2023. The annual contribution amount will rise to $3,050 (up from $2,850 in 2022). FSAs allow owners to pay… Read more »
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Charitable Donations, Contribute More to Your FSA in 2023, Court: Charitable Donations Must Be Properly Substantiated, Do You Know What Your Filing Status Is?, employer-sponsored health Flexible Spending Accounts (FSAs), equired Minimum Distributions: Important Considerations for Certain Taxpayers, Federal Tax News for Individuals, inherited IRAs and other plans, possible major retirement savings package, Possible Tax Legislation by Year End — and Beyond, SECURE Act 2.0, Seniors
October 25, 2022
With year end fast approaching, it’s time to consider tax planning moves that may lower taxes for the 2022 tax year — and possibly set you up for tax savings in future years as well. The good news is that it… Read more »
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Charitable Donations, Charitable Donations from Your IRA, clean vehicle credit, Gains and Losses in Taxable Investment Accounts, Gift Tax, harvesting capital losses, itemizable expense, lower taxes for the 2022 tax year, Prepay College Bills, Prepaying state and local taxes, Roth IRA Conversion, Standard Deductions, state and local income and property taxes, tax planning moves that may lower taxes for the 2022 tax year, taxable brokerage firm accounts, The American Opportunity credit, The Inflation Reduction Act, The Lifetime Learning credit, ways to increase your itemized deductions for 2022, Year-End Tax Planning, Year-End Tax Planning Tips, Year-End Tax Planning Tips for Individuals, year-end tax-saving strategy
December 17, 2020
The CARES Act granted several valuable federal tax breaks for individuals and businesses. But most will expire at the end of 2020 or at the end of tax years that begin in 2020. Here’s a roundup of tax breaks scheduled to… Read more »
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Business Interest Expense, Business Tax Payers, Cares Act, Charitable Donations, Corporate Charitable Gift, COVID-19, Early retirement, NOL, Payroll tax, RMD