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Category: Tax

The Rich Retiree’s Blueprint: Discover How to Sustain Your Luxury Lifestyle Post-Retirement

Posted on September 27, 2023September 27, 2023 by Matt

Retirement is a phase that most individuals look forward to, envisioning it as a time of relaxation and enjoyment. However, the tranquility of this phase largely depends on the financial decisions made…

Tax-Free Haven Awaits: Is Your State on the List That Doesn’t Tax Social Security?

Posted on September 24, 2023September 24, 2023 by Matt

Retirement is a phase of life that brings about a significant change in one’s financial landscape. One of the critical factors that could influence your financial comfort during retirement is the tax…

Unlocking the Mystery of RMDs: Your Guide to Making the Most of Your Golden Years

Posted on September 5, 2023September 5, 2023 by DT

Understanding the rules around Required Minimum Distributions (RMDs) is crucial as you plan for retirement. This concept applies to most retirement accounts and has tax implications that can significantly impact your financial…

What You Need to Know About Taxes and Retirement

Posted on September 4, 2023September 4, 2023 by DT

Regarding retirement planning, taxes often take a backseat to more immediate concerns like saving, investment strategies and calculating income needs. However, understanding the tax implications of various retirement accounts and income sources…

Why Everyone Will Regret Not Jumping on the Roth IRA Train

Posted on August 20, 2023August 20, 2023 by Matt

Paying taxes can be a tough pill to swallow. While these funds contribute to societal benefits, it’s still your hard-earned money being allocated elsewhere. Naturally, the quest to reduce annual tax burdens…

The Retirement Loopholes That Could Save You from Massive Taxes

Posted on August 6, 2023August 6, 2023 by Matt

Retirement planning often involves more than just saving money during your working years. It’s about making informed decisions on accessing those funds during retirement. The key lies in understanding the tax implications…

Shocking New Payroll Tax Hits Washington Workers – Is Your State Next?

Posted on August 4, 2023August 4, 2023 by DT

Washington state employees saw a recent deduction in their paychecks due to a new tax on wages. The new tax is meant to support the expenses of long-term care. This tax, known…

IRS Notice 2023-55: The Game-Changer Taxpayers Didn’t See Coming

Posted on July 30, 2023July 30, 2023 by Matt

On July 21, 2023, the Internal Revenue Service (IRS) unveiled Notice 2023-55. This document offers temporary relief to taxpayers, aiding them in determining the credibility of a foreign tax under sections 901…

IRS Delays IRA Withdrawal Rules Again – What You Must Know

Posted on July 26, 2023July 26, 2023 by DT

The IRS has once again decided to delay certain required minimum distribution (RMD) rules, offering taxpayers relief from confusing regulations surrounding RMDs for inherited IRAs. This recent change brings important implications for…

How to Achieve Instant Tax Deductions with This Simple Giving Solution

Posted on July 23, 2023July 23, 2023 by Matt

Every individual yearns to make a difference in their community, and what better way to do so than through philanthropic giving? Establishing a donor-advised fund or family foundation can be a powerful…

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