by Christina Minton | Jun 12, 2023 | Planning
Now is the time to make your estimated tax payment If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The second quarter due date is now here. Due date: Thursday, June 15, 2023...
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 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...
by Christina Minton | Mar 27, 2023 | Planning
Excess gift giving could cause a tax surprise In an effort to keep taxpayers from transferring wealth from one generation to the next tax-free, there are specific limits to the amount of gifts one may give to any one person each year. Amounts in excess of this limit...
by Christina Minton | Mar 13, 2023 | Planning
Despite what you may think, the marriage penalty is still alive and well. Whether you’re changing your filing status in 2022 because of marriage, divorce or another event (or even if your filing status staying the same), you should review this information and plan...
