Recent Posts

• New Retirement Rule Will Help Protect Retirement Savings Of Americans Already Struggling To SaveMay 13, 2024 - 11:53 pm

  America’s workers and their families rely on investment professionals for guidance as they save for retirement. The Retirement Security Rule that takes effect on September 23, 2024 will protect retirement investors from improper investment recommendations and harmful conflicts of interest.

• Biden Tax Increases Won’t Hit Middle Class, Treasury Secretary Yellen SaysMay 6, 2024 - 6:12 pm

  Republicans just pressed the Treasury Secretary on President Biden’s tax proposals and the fate of the Trump tax cuts that will expire in 2025. Lawmakers are girding for a legislative battle over which ones — if any — will be extended next year.

• New FAFSA Rules Opened Up A ‘Grandparent Loophole’ That Boosts 529 PlansApril 29, 2024 - 9:35 pm

  Beginning with the new 2024-25 FAFSA launched late last year, a student’s total income is only based on data from federal income tax returns.  That means any cash support, no matter the source, won’t negatively affect financial aid eligibility. And though it’s called the “grandparent loophole,” any nonparent, including friends and relatives, can use it.

• When To Worry If Your Tax Refund Is DelayedApril 22, 2024 - 6:55 pm

  The IRS used some of its $80 billion in funding from the Inflation Reduction Act to hire thousands of new employees and improve its automated systems, which reduced the backlog significantly. But some returns can still take a while to process. If you’re still waiting for your tax refund, there is some information you need to know.

• Can’t Pay Or File Your Taxes By April 15? Here’s What Happens If You Missed Monday’s DeadlineApril 15, 2024 - 9:35 pm

  Failing to file on time when you still owe taxes will subject you to a failure-to-file penalty, which is based on how late your return is and the amount of your unpaid tax . You will also be hit with a failure-to-pay penalty. The good news is you still have time to rectify those situations before you’re penalized.

• Four Must-Dos Before Tax Season Wraps UpApril 8, 2024 - 8:39 pm

  It’s gratifying to close the books on tax season. But before you do, there are just few things you might want to take care of while you’re still on the tax zone.

• Don’t Like Your 2024 Tax Refund? Here’s An Easy Way To Get A Bigger One Next YearApril 1, 2024 - 8:58 pm

  It’s fairly simple to make your tax refund bigger or smaller each year: It takes just a few minutes, once you have the paperwork in hand. The IRS even bakes the process into one simple step on its tax forms.

• How To Reduce Capital Gains Taxes And Save MoneyMarch 26, 2024 - 1:04 am

  There are various tactics and techniques investors can employ to reduce their capital gains taxes effectively. From tax-loss harvesting to utilizing retirement accounts and charitable giving strategies, actionable methods can help save money and optimize tax outcomes.