Jul 29, 2025 | financial planning, tax deduction, taxable income, taxes
The talk of the town this summer is the above bill. do you know the facts that could affect you when filing your 2025 returns? In some cases not so BIG or BEAUTIFUL! There is an additional senior (over 65) deduction of $6,000. per individual that phases out when your...
Nov 11, 2024 | donations, tax deduction, taxes
Each year the IRS reminds owners of traditional IRAs who are over 70-1/2 that they may make a charitable gift from these funds. This type of gift/donation is known as a qualified charitable distribution (QCD). For those age 73 and over the QCD may fulfill part or all...
Sep 22, 2024 | financial planning, tax deduction, taxable income, taxes
Education savings plans have always been a great way to provide for future education expenses. NOW (starting in 2024) the balance of the Ohio 529 Plan will NOT count towards education assistance. The FAFSA form per student has been revamped and the above information...
Sep 5, 2024 | financial planning, taxable income
I hope you had an eventful/pleasant summer. The year is coming to a close FAST. For those that pay estimated taxes the third payment is due within days. If you operate a small business this is the time to review your INCOME AND EXPENSES for the last eight months. Is...
