by Sara Raby | Nov 8, 2023 | tax
The loss of a family member is difficult to deal with emotionally but handling the logistics of the inheritance and paperwork can be overwhelming. Inheriting an Individual Retirement Account (IRA) now comes with new strict rules and guidelines which every beneficiary... 
by Sara Raby | Nov 6, 2023 | tax
With rising costs of higher education, many parents and other relatives are looking for ways to save for future college expenses for children. The sooner you start saving the more time those investments have to grow. Below, we outline the types of educational savings... 
by Sara Raby | Jul 13, 2023 | tax
The Inflation Reduction Act of 2022 expanded the energy efficient home improvements and solar credits available to individuals in 2022 through 2032. If you are planning on upgrading your home, you may be eligible for tax credits if the items you are installing meet... 
by Sara Raby | Feb 1, 2023 | tax
There have been many changes to credits over the last few years; especially Covid related tax credits. Here is what is currently applicable to the 2023 tax year. Child and Dependent Care Tax Credit – the temporary increase in childcare expenses amount for the... 
by Sara Raby | Jan 31, 2023 | tax
In late December 2022, the SECURE Act 2.0 was passed. SECURE stands for Setting Every Community Up for Retirement Enhancement and this act is predominantly focused on enhancements to retirement programs. Catch Up Contributions For taxpayers 50 years and above, catch...