A certified financial planner on the money mistakes she made early in her career and how she got on a better path. It seemed like a good idea at the time. I was a brand-new financial planner and I thought I had to look a certain way. The only problem was that I hated shopping,…
Read More...Planning to Retire in 2024? Take These Steps Before You Leave Your Job.
With only a few months to go before hitting that major life change, now is the time to get your plan ready to go. If you’re planning to retire in 2024, congratulations! You’re about to start on an incredible next stage in your life’s journey. To make the most of your available financial resources during…
Read More...Happy Thanksgiving
As we begin another holiday season, may your heart be filled with love and grace. Spend time with loved ones and friends and consider the blessings of the Lord in your life.
Read More...Tips to help taxpayers make sure their donations go to legitimate charities
When disaster strikes, Americans can always be counted on to help. That help comes in countless ways, but often the easiest way to help is by donating money to charities. Sadly, criminals are just as likely to answer the call after a disaster or emergency as the millions of people who open their wallets. Scammers…
Read More...Home Energy Audits May Qualify for an Energy Efficient Home Improvement Credit
Washington – The IRS issued Notice 2023-59 today regarding the requirements for home energy audits for taxpayers that want to claim the energy efficient home improvement credit. The Inflation Reduction Act of 2022 created several clean energy credits. Each of these credits has requirements for the type of clean energy property or service purchased and how they…
Read More...GIVE YOUR FINANCIAL DOCUMENTS A FALL CLEANUP
IMPORTANT PAPERS TO KEEP: A CHECKLIST IMPORTANT ORIGINALS YOU SOMETIMES NEED AND WHEN IT’S OKAY TO FINALLY SHRED THEM: Medical directive (after a new one is signed) Passports (after you have replaced them) Power of attorney (after a new one is signed) Real estate deeds (10 years after the property is sold) Stock/bond certificates (when sold)…
Read More...Interest rates increase for the fourth quarter 2023
WASHINGTON — The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning Oct.1, 2023. For individuals, the rate for overpayments and underpayments will be 8% per year, compounded daily. Here is a complete list of the new rates: 8% for overpayments (payments made in excess of the amount owed), 7%…
Read More...Educator Expense Deduction helps teachers cut classroom costs
Teachers often buy classroom supplies with their own money. The Educator Expense Deduction helps them get some of that money back. Eligible teachers and administrators can deduct part of the cost of technology, supplies and training from their taxes. They can claim this deduction only for expenses that weren’t reimbursed by their employer, a grant…
Read More...IRS reminder: Make sure to understand recent changes when buying a clean vehicle
WASHINGTON — The Internal Revenue Service reminded consumers considering an automobile purchase to be sure to understand several recent changes to the new Clean Vehicle Credit for qualified plug-in electric drive vehicles, including qualified manufacturers and tax rules. The Inflation Reduction Act of 2022 (IRA) made several changes to the new Clean Vehicle Credit for…
Read More...Tax basics for setting up a business
Starting a new business can seem overwhelming for new entrepreneurs or even seasoned professionals. The IRS has resources to help new business owners understand the tax responsibilities of running a business. Here are a few things any entrepreneur needs to do when starting their business. Choose a business structure The form of business determines which income tax return a…
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