If you decide to go back to school or help pay for the tuition of a child or grandchild, keep in mind that certain types of expenses may qualify for special tax treatment. Many pension...
Posted by KLSM CPA Firm PLLC on 05/22/2022
You would be amazed to know the massive difference in the taxes you can save if you plan better. Tax planning is the process of ensuring that all the factors that can reduce your taxes...
Posted by Tiffany Gaskin on 05/22/2022
There's a new guide to early IRA retirement that pre-retirees need to know. It changes the interest rate on early withdrawals and allows you to switch methods. IRAs are great planning...
Posted by Dennis Jao on 05/09/2022
When you file a federal tax return, you have the option of taking the standard deduction and itemizing your deductions. Due to changes in the tax code, many taxpayers now work with...
Posted by Dennis Jao on 02/08/2022
Getting a divorce is no fun. But for almost 80 years, tax law has helped divorced couples. Alimony or separate child maintenance payments made by one ex-spouse to another under a divorce...
Posted by James Financial Services Inc on 01/09/2022
Open up your to-do list for the day, and here it is, the item you've been ignoring for weeks or even months. It says, "Finish Your Tax Planning for the year." And today...
Posted by Dennis Jao on 11/11/2021
With the tax season just rounded up, everyone wants to know the magic trick to reduce their tax burden. But terms like credits, exemptions, and deductions often have a nebulous meaning...
Posted by Abundant Wealth Planning LLC on 11/04/2021
Divorce is a nightmare and messy process that people try to do away with as soon as possible. They hardly consider consequences on taxes, especially in the long run. Most times, it...
Posted by James Financial Services Inc on 07/17/2021
If you lose or quit your job, your 401k retirement savings can come with you. There are options for your 401k funds when this happens, and one is to switch to an Individual Retirement...
Posted by Income Taxes and Bookkeeping LLC on 07/06/2021
