Looking for Quick Cash? Try to Avoid Retirement Savings
If you find yourself looking for a quick source of cash, your retirement savings may look like a tempting option.
2021 Tax Forms You May Need
Your tax forms are coming soon. Make sure you receive everything you need for your 2021 return. What tax forms to expect when tax season comes. Your tax documents for the 2021 return should have arrived, or will soon.
Tax Deductions Without Itemizing
Most taxpayers think they have to itemize their deductions to claim them on their tax return. However, that is not entirely true. There are certain tax deductions that can be claimed while still using the standard … Read More
Don’t Miss the Opportunity for a Spousal IRA
One frequently overlooked tax benefit is the spousal IRA. Generally, IRA contributions are only allowed for taxpayers who have compensation (the term “compensation” includes wages, tips, bonuses, professional fees, commissions, taxable alimony received, and net income from self-employment). Spousal IRAs are the exception to that rule and allow a non-working or low-earning spouse to contribute to his or her own IRA, otherwise known as a spousal IRA, as long as the spouse has adequate compensation.
Do Not Forget Your Retirement!
Retirement may be years away for some people. And, it may not be the most pressing issue on your mind these days. But we urge you, do not forget your retirement contributions, especially when there are … Read More
Tax season’s over and done for another year – right?
Tax season’s over? Wrong. Choices we make during the year can impact our taxes. Making investments, paying for college education, planning for retirement, and a myriad of other financially-based decisions can help or hurt us when … Read More