It’s Not Too Late for an IRA Contribution

Most of the time an expense that may be tax deductible needs to be paid by the end of the year for which the expense will be claimed. However, there is an exception to that rule. IRA contributions for the prior year can be made after the close of the year if made by...

SECURE 2.0 Provisions You Need to Know About

The SECURE 2.0 Act (PL 117-328, 12/29/2022) contains a prodigious number of changes affecting retirement plans, as well as some changes outside of the retirement arena. The information is presented in this easy-to-read chart showing how the rules have changed, when...

Don’t Ignore Household Employee Payroll Tax Rules

If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you do know about but are ignoring. Either situation can come back to bite you. When the worker is your employee, your...