Learn more about the top three provisions in the Inflation Reduction Act that the average American may benefit from the most, and some preliminary information about student loan forgiveness.
You don’t give your money away for nothing. But that’s exactly what you do when you don’t take advantage of opportunities to minimize your taxes. One of the best ways to retain more of your wealth is to reduce the burden of taxation. And this isn’t something to deal with just once a year when tax day comes; ongoing tax planning can help you strategically reduce your tax bill so the IRS doesn’t get more of your money than they should.
The tax season is officially here. If you haven't already, now is the time to get prepared.
Whatever your reason for giving this year, it’s important to know how your charitable contributions can impact your financial plan. In fact, being strategic and intentional in your 2021 contributions can create tax benefits for you while benefiting your chosen charity.
Less than 100 days into President Biden’s administration and the first piece of major tax legislation has been enacted. We have summarized some of the key points from this legislation that might affect you along with action items you can take now to make the most of these benefits.
For businesses that received PPP loans when they were first available, the time to apply for forgiveness has either come or is fast approaching. For those businesses that have yet to apply, the clock is ticking to do so. Am I eligible to apply? What has changed? How can I qualify to get the loan forgiven? These are many of the questions we have been asked over the past few weeks, and we have put together some answers to help guide you in making decisions on the PPP loan. Even if you aren’t a business owner, perhaps you know someone who could benefit from this information and can share it with them.