Archive for financial planning

YEAR 2021 TAX UPDATE INFORMATION

| December 14, 2021 | 0 Comments

WHAT A YEAR!!! Hopefully, you have been able to enjoy some parts and you and your loved ones have been healthy and safe. There are a few issues that I wanted to alert you on as the year comes to an end. For those who received Advanced Child Tax Credit payments in 2021 the amounts […]

HOW TO PRESERVE YOUR RMD BALANCE

| June 9, 2021 | 0 Comments

We have all heard the statement “DON’T TOUCH THE PRINCIPLE”. If you need to withdraw a Required Minimum Distribution (RDM) and the entire amount is not needed at the present time, my suggestion is to transfer the funds AFTER tax to another investment account. When transferring instead of withdrawing the ENTIRE distribution you can save […]

CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT

| April 14, 2020 | 0 Comments

I have reviewed the act and am listing a few of the features that may be of interest. The stimulus checks will be considered REBATES. The rebates will not be included in your 2020 Gross Income. The checks will be provided to individuals with 2019 adjusted gross incomes below $75,000. and joint filing taxpayer’s with […]

TAX CHANGES FOR 2019 FILERS

| January 24, 2020 | 0 Comments

The new tax seasons begins Monday, January 27, 2020. I am listing changes that may affect you this filing season. Please review and call me if you have further questions regarding these changes. There is ALWAYS something new or changing at the IRS. Obamacare – taxpayers that did not have health coverage in 2019 will […]