Mar 3, 2021 | Blogs, Tax Planning
What to know and dates to remember Provided by Strategic Wealth Design Recently, the Internal Revenue Service (I.R.S.) announced that tax season will start a little later than usual. This year the I.R.S. will begin accepting and processing 2020 tax returns on Friday,...
Feb 24, 2021 | Blogs, Retirement Plans, Tax Planning
Twenty/20 The IRS released annual inflation adjustments for 2021 for many tax provisions on Monday, including new income tax brackets and an increased standard deduction. It also announced that contribution limits for 401(k)s and IRAs will not increase next year. For...
Feb 3, 2021 | Blogs, Business Planning, Retirement Plans, Tax Planning
A retirement investment vehicle designed for small. Do you work for yourself? Then you may want to consider the solo 401(k), which marries a traditional employee retirement savings account to a small-business, profit-sharing plan. To have a solo 401(k), you must...
Jan 15, 2021 | Blogs, Tax Planning
Know your bracket, how key tax ideas work, what records to keep and basic steps to shrink your tax bill. Tina Orem January 2, 2021 Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and...
Jan 6, 2021 | Blogs, Financial Planning, Retirement Plans, Tax Planning
Investors may be eligible to “undo” certain retirement account withdrawals before September. In March, the Coronavirus Aid, Relief, and Economic Security (CARES) Act became law. It was designed to help Americans impacted by the COVID-19 pandemic.1 The new law...
