The 2023 Tax Season: Your Complete Guide
Posted by
Kurt DiManna and Jim Kantowski on February 16, 2023
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Topics: Tax News, Wealth Management
Everything You Need To Know For Tax Season 2022
Posted by
Jim Kantowski, CFP®, CPA on February 23, 2022
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Topics: Tax News, Wealth Management
Recently, there were changes made to the child tax credit that will benefit many taxpayers. As part of the American Rescue Plan Act that was enacted in March 2021, the child tax credit: Amount has increased for certain taxpayers Is fully refundable (meaning you can ...
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Topics: Tax News
Retirement should be a time of enjoyment, but it can be stressful if you’re not sure whether you’ll have enough money to cover your expenses and leave room for leisure activities. Avoiding taxes in retirement is one way to keep more of your wealth in your bank account to fund the ...
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Topics: Tax News
Two Major Tax Opportunities for Business Owners
Posted by
Bill Hufnell, CPA, CFP® on August 14, 2020
Earlier this year a new federal income tax act was passed called the Coronavirus Aid, Relief and Economic Security Act, The “CARES Act.” The act provides two tax planning opportunities that many business owners could benefit from.
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Topics: Tax News, Business Owner News
This past Friday, the House of Representatives passed the CARES Act, and President Trump signed the bill into law. The law contains many tax law changes and much needed economic measures. Below are some of the key provisions in the Act.
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Topics: Tax News, Retirement Planning, Business Owner News
Treasury Secretary Mnuchin announced last Friday the filing date for personal and business tax returns otherwise due on April 15th now have a due date of July 15th. So now, you don’t have to file or pay any federal taxes until the July 15th date.
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Topics: Tax News
Many of the annual limits and tax rates are adjusted for inflation each year. The IRS recently released the inflation adjustment amounts for 2020 amounts. Note that while some of the changes may seem immaterial, sometimes even small changes can save you thousands of dollars in taxes. We have ...
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Topics: Tax News
Congress passed some significant tax legislation as it recessed for the holidays. One of the new meaningful laws passed on December 19 is the Setting Every Community Up for Retirement Enhancement Act of 2019, otherwise known as the SECURE Act.
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Topics: Financial Planning, Tax News, Retirement Planning
We are always thinking taxes Most people only review their tax situation at the end of the year and only consider the current year’s tax planning. Yet decisions you make throughout the year will impact your taxes, and to get the most benefit from tax planning, you need to consider ...
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Topics: Financial Planning, Tax News
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