Stashing away the maximum amount into your IRA each year is retirement planning rule 101.
On September 27th, the Trump Administration, along with the House Ways and Means Committee and the Senate Committee on Finance released a unified framework for fixing our tax system.
When most people think about what will happen to their assets after they’ve passed, they envision everything going first to their spouse and then to their children.
Do you have a first time college bound student? Learn more about the American Opportunity Tax Credit now as an upcoming tax strategy.
Are you the proud parent of a recent high school graduate? Are you preparing for your son or daughter’s college move-in day?
We live in an ever changing world. Some areas which will most likely change many times during your lifetime include your car, job, the place where you live, your hobbies, your relationships with others, and even the organizations you associate with.
Gift giving is something that most people do each and every year.
Many people may not be aware of the fact that teenagers may contribute to IRA’s.
As mentioned above property transfers between spouses as part of divorce decree or separation agreement are tax-free however, disposing of the property could have unintended tax .
Last December when Congress passed the Protecting Americans from Tax Hikes Act of 2015, or PATH Act as it is more commonly known, many tax provisions were impacted.
In accordance with President Trump’s executive order calling on agencies to ease up on ACA (Obamacare) regulations, the IRS made changes whereby it will not reject a 2016 tax return for processing just because the taxpayer does not indicate their coverage status in Box 61.