deductions

Don’t Wait for 2024! Boost Your Retirement Savings NOW with These 5 Tips

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As 2024 nears its conclusion, the festive season is on the horizon, reminding us that there’s limited time left to achieve this year’s retirement savings target. If you have an IRA, you can contribute until the 2024 tax deadline for 2024 contributions. However, those with a 401(k) must make their 2024 contributions by December 31. … Read more

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

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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 as the Washington Cares Payroll Tax, was established in 2019, but its implementation started in July 2024. Here’s how the tax works: most … Read more