10
Oct
TAX CALENDAR
This calendar notes important tax deadlines for the fourth quarter of 2024....
23
Sep
MEDICARE PREMIUMS MAY LEAD TO TAX SAVINGS
Do you pay premiums for Medicare health insurance? You may be able to combine them with other qualifying health care expenses and claim them as an itemized deduction for medical expenses on your tax return. This includes amounts for “Medigap” insurance and Medicare Advantage plans,...
02
Jul
TAX CALENDAR
This calendar notes important tax deadlines for the third quarter of 2024....
20
May
TO GET AN “EARLY” REFUND, ADJUST YOUR WITHHOLDING
Taxpayers who received a large tax refund this year may want to adjust their withholding. Each year, millions of taxpayers claim an income tax refund. That can represent a pleasant influx of cash. But it’s probably not the best use of cash for taxpayers. In...
05
Apr
TAX CALENDAR
This calendar notes important tax deadlines for the second quarter of 2024....
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Taxes
18
Mar
HAVE YOU RECENTLY REVIEWED YOUR LIFE INSURANCE NEEDS?
At one time, life insurance played a much bigger role in estate planning than it does now. That’s because life insurance was needed to pay estate tax, which affected more people than it does now. With the federal gift and estate tax exemption now at...
15
Mar
THE CHILD TAX CREDIT IS STILL AVAILABLE
Parents know that raising children is expensive. Although some of the enhancements of the Child Tax Credit (CTC) have expired, the credit is still available for eligible parents of children under age 17. Plus, there’s still time for taxpayers to claim the CTC on...
11
Sep
PLAN AHEAD FOR HEALTH SAVINGS ACCOUNTS IN 2024
The IRS has released guidance that includes the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). This article lists the benefits, requirements, and contribution limits of HSAs for 2023 and 2024....