Tax day is getting nearer so it’s time to review some of the biggest changes to your taxes this year. An important note: when you file your taxes on or…
Tag: taxes
IRA’s, or Individual Retirement Accounts, are tax advantaged accounts for saving and long term investing for retirement. The two most common types are Roth and traditional. You can make contributions…
An IRA (or Individual Retirement Account) is a tax advantaged account for saving and investing for your retirement. IRAs are not connected to your employer like a 401(k) is and…
As part of the 2020 CARES Act Coronavirus relief program, the IRS sent stimulus checks (or “economic impact payments”) to many Americans. If you haven’t yet received your stimulus check,…
An HSA (or Health Savings Account) has three separate tax advantages that make it an important saving (and even investing) option for employees who have access to them. HSA contributions…
If you’re one of the lucky Americans who will get a tax return this year you may be faced with a pleasant dilemma: what do I do with this extra…
Back in March, the IRS announced they would postpone the tax filing and payment deadline to July 15th, 2020 from April 15th as part of the Coronavirus Aid, Relief and…
Saving for retirement may be the most important financial goal you’ll ever have. Why? It’s how you’ll need to pay for your up to 30+ years of unemployment (aka, retirement).…
Taxes can be confusing. No surprise there, they are complex and the rules are constantly changing! Because of that confusion and complexity there are some stubborn myths about taxes –…
Tax credits and deductions are two of the few bright spots during tax time since they reduce the amount of taxes you have to pay. Tax credits are an amount…