by Christina Minton | Dec 13, 2021 | Planning
As part of your planning for next year, now is the time to review funding your retirement accounts In 2022. With the cost of living calculations and increases in inflation, higher phaseout limits make many more taxpayers eligible for fully deductible contributions. So...
by Christina Minton | Dec 6, 2021 | Planning
It’s that time again! The final chance to reduce your annual tax bill is here. Spend a few minutes considering the following ideas: 1. Make last minute charitable donations. 2. Review and maximize use of the $15,000 annual gift giving limit. 3. Review your...
by Christina Minton | Nov 29, 2021 | Deductions
A little mistake could cost you plenty At the end of the year you will be inundated with commercials to donate a vehicle to charity. While it is one of the biggest contributions a taxpayer can make, if not done carefully, the tax deduction of a donated vehicle could...
by Christina Minton | Nov 22, 2021 | Whats New
New contribution limits are on the horizon The savings limits for the ever-popular health savings accounts (HSA) are set for 2022. The new limits are outlined here with current year amounts noted for comparison. So plan now for your contributions. What is an HSA? An...
by Christina Minton | Nov 15, 2021 | Retirement
Tips to avoid IRS penalties on 401(k) retirement plan distributions While each retirement plan has similar early withdrawal penalty exemptions, they are not all alike. Knowing these subtle differences within 401(k) plans can help you avoid a 10 percent tax penalty if...
