by Christina Minton | Oct 16, 2023 | Retirement
How much you pay and checks received are all going up! The Social Security Administration announced a 3.2% boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2024, a big drop from last year’s increase of 8.7%. The increase is...
by Christina Minton | Oct 9, 2023 | Retirement
What every taxpayer should know You can begin receiving your Social Security retirement benefit as early as age 62. But by putting off your benefit start date you can receive a check that is approximately 8 percent higher for each year you delay receiving your...
by Christina Minton | Oct 2, 2023 | Planning
While most income received from your employer quickly ends up on a W-2 tax form at the end of the year, here are some common employee benefits that often avoid the impact of Federal taxes. Health benefits. While now reported on W-2’s, employer provided health...
by Christina Minton | Sep 25, 2023 | Miscellaneous
One of the more unpleasant surprises that can hit a taxpayer occurs when you sell personal property, rental property or assets from your small business. This tax surprise is often associated with depreciation recapture rules. Defined Depreciation recapture refers to...
by Christina Minton | Sep 18, 2023 | Miscellaneous
Suppose you take your best client out to dinner to celebrate your business relationship. If you own a business, are self-employed or run a side business, can you deduct any of the cost? Here are some tips to stay on the right side of the new rules: Make clear it’s a...
