RMD Relief and Guidance for 2023
In early 2022, the IRS issued proposed regulations regarding required minimum distributions (RMDs) to reflect changes made by the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019.
Are 529 College Savings Plans a Good Idea?
Saving for higher education is a significant financial goal for many families. One popular and effective tool for achieving this goal is the 529 college savings plan
Retirement: Should I Pay Off My Mortgage or Sell My Home?
It’s one of those arguments that rarely seem to have a clear-cut winner: Should you pay off your mortgage or sell your home in retirement?The answer, perhaps frustratingly, is that it depends. Homeownership has long been a part of the American dream. Paying off your...
New Clean Vehicle Tax Credit Guidance Issued
Assuming other requirements are met, the amount of the credit will generally be the full $7,500 for new clean vehicles (other than fuel cell vehicles) as long as both the critical minerals and battery components requirements are met
New IRS rules: Venmo and PayPal
The way we move money differs from the way things were done a decade ago.
Tax Identity Theft Week
Tax Identity Theft Week happens every year and begins on the last Monday of January.
Most tax-friendly states for retirement 2022
Retirement is a time in your life that should be free from worry and stress.
Inflation Reduction Act: What You Should Know
The Inflation Reduction Act, signed into law on August 16, 2022, includes health-care and energy-related provisions, a new corporate alternative minimum tax, and an excise tax on certain corporate stock buybacks.
Retirement and Taxes
When you retire you need to keep in mind that you still need enough money to live comfortably for the rest of your days.
Economic Implications of the Great Resignation
The term Great Resignation was coined last year after a rising trend was observed of employees leaving jobs or changing jobs.