by Christina Minton | May 29, 2023 | Deductions
If Benjamin Franklin were alive today, his famous quote Nothing is certain, except death and taxes might include a third item — paying medical expenses. Fortunately a health savings account (HSA) is a great way to cut your spending on medical expenses. A major tax...
by Christina Minton | May 22, 2023 | Planning
How to get more money without reducing need awards Beginning in 2023 there is a new way to save money for college that won’t impact your student’s ability to qualify for financial aid. This change is in the 529 college saving program and is a change that every...
by Christina Minton | May 15, 2023 | Planning
Whether you receive a big refund or pay your taxes on tax day, taking action now can ensure next year’s tax bill is optimized by not paying a dollar more than necessary. Update paycheck withholdings and forecast estimated tax payments. Reviewing and updating...
by Christina Minton | May 8, 2023 | Deductions
As a busy working parent, you may be concerned about what activities are available for your kids this summer. There may be a solution that’s also a tax break: summer camp! Using the Child and Dependent Care Credit, you can be reimbursed for part of the cost of...
by Christina Minton | May 1, 2023 | Planning
Your kids are getting older. Before you know it they’ll be dating, driving and entering college (if they aren’t already!). Tax breaks drop dramatically as your children grow up, but you may be able to offset the losses with some timely tax planning. Consider the...
