The deadline for most individual taxpayers to file their tax return is April 15, 2025. As this date approaches, many people look for last-minute strategies to lower their taxable income and maximize savings. It’s also a great time to begin planning for the current tax year. In this article, we will provide you with crucial […]
Hello again, and welcome to our fourth and final addition to our blog series called, Tax Planning 101. In our last three blogs, we provided a high-level overview of: How gross income is adjusted through the use of deductions (click here to read); How tax brackets apply to your taxable income (click here to read); […]
Hello again, and welcome to another addition to our four-part series called, Tax Planning 101. If you read our last two blogs, you learned about the income tax equation, tax deductions, tax brackets, tax filing statuses, etc. If you haven’t read the previous two blogs just click here to read the first one and click […]
We are back with another addition to our four-part series called, Tax Planning 101. If you remember our last blog, we walked through the how certain adjustments to your gross income are used to calculate your adjustment gross income, and then we took a stroll through both the standard deduction and itemized deductions. In today’s […]
Most people have at least a general understanding of how the U.S. income tax system works, being that the infamous Form 1040 (the U.S. Individual Income Tax Return) was created back in 1913. Whether you have filed your own taxes for the past 30 years, or all you know is that something happens on April […]
With 2022 in the rearview, it’s tax-filing season. Below you’ll find an overview of changes in tax law for 2022 as well as a brief checklist of documents to gather when preparing to file. The first thing you should know is that the due date for your 2022 Form 1040 is April 18, 2023, instead […]
We hope you all had a wonderful Christmas as well as a great New Year’s. We wanted to provide information regarding the new law that was passed on Thursday, December 30th, 2022, the SECURE Act 2.0. This $1.7 trillion omnibus spending package contains various pieces of retirement-related reform. While most of the changes are not […]
Information floods our minds every day. TV, radio, podcasts, and the internet is constantly at our fingertips. With access to unlimited information, companies compete for your attention. They use “click bait” to reel you into clicking on their blog post or website. Given that their number one priority is to grab your attention, information can […]
Managing your Dollar Tree 401(k) plays a critical role in determining the success of your retirement plan. For about one-third of American workers (32%), retirement accounts are expected to be the primary source of retirement income, according to Transamerica Center for Retirement Studies. In other words, your Dollar Tree 401(k) may be a meaningful part […]
My 7-year-old nephew, Christian, has been disabled since birth. He has been in and out of the hospital regularly, undergone numerous surgeries, and receives multiple shots daily, but you’d never know it based on his warm smile and positive attitude. His mother (my sister), Jess, is one of the strongest people I know. She is […]