Archives February 2019

It’s Not Too Late to Make a 2018 Retirement Plan Contribution

It’s Not Too Late to Make a 2018 Retirement Plan Contribution

Article Highlights:

  • Traditional IRAs
  • Roth IRAs
  • Spousal IRA Contributions
  • Simplified Employee Pension Plans
  • Solo 401(k) Plans
  • Health Savings Accounts
  • Saver’s Credit
  • Children with Earned Income

 
Have you been ignoring your future retirement needs? This tends to happen when people are young; because retirement is far in the future, they believe that they have plenty of time to save for it. Some people even ignore the issue until late in life, which causes Read More

Disappointed in Your Tax Refund? 

Disappointed in Your Tax Refund? 

Article Highlights:

  • Average Refund Down
  • Tax Filings Down
  • Effects of Lower Refunds
  • Actual Tax Generally Lower
  • How This Happened

 

If your tax refund is less than you anticipated, you are not alone. Read More

2019 Tax Guide

2019 Tax Guide

Highlights of Changes

EFFECTIVE 2019

Congress in December of 2017 passed the Tax Cuts and Jobs Act (TCJA) that made sweeping changes to the tax laws. The issues impacting individuals and small businesses are included throughout this pocket tax guide. Some of those changes were not effective until 2019 as described below. In addition, a substantial number of the changes required the IRS to write regulations to provide clarification. A brief summary of the most significant changes follows. Read More

Keeping Your Tax Records

Keeping Your Tax Records
When it comes to your taxes, good records are the best protection you can have if the government decides to audit your returns. But just as important as your effective recordkeeping are the measures you take to make certain that your records are kept safe. While it may cause a chuckle to picture a mythical taxpayer confessing to an IRS auditor that tax records were destroyed by the family pet, it probably wouldn’t be nearly as funny to give a similar response in a real audit of your own. Read More

Here’s How to Use 2019 as a Chance to Save More Money Than Ever in the Long Run

Here’s How to Use 2019 as a Chance to Save More Money Than Ever in the Long Run
Here’s How to Use 2019 as a Chance to Save More Money Than Ever in the Long Run   

A new year is nothing if not a new opportunity – and one that it would be an absolute shame not to take full advantage of. Every new year, people make countless resolutions. Some want to lose weight; others want to become more productive. One of the most common, however, involves boosting your savings – or lack thereof.

The most critical thing to keep in mind is Read More


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