In 2024, we have seen mortgage rates stay at a much higher level than in recent history. This can be disheartening for new and prospective homeowners, but here is a suggestion that can potentially help with affordability if you itemize your tax deductions on your yearly tax return.
Read MoreAmong the many provisions in the trillion-dollar-plus legislative package being debated in Congress is a provision to eliminate a strategy called the backdoor Roth IRA conversion.
Read MoreAs COVID-19 continues to affect local communities and global economies, you may be wondering how recently passed legislation impacts you.
Read MoreThe tax withholding tables issued in 2018 wreaked havoc for American taxpayers, as many were under-withheld on their federal return.
Read MoreAre you donating for the purpose of tax deductions or in the spirit of giving?
Read MoreA Qualified Charitable Distribution (QCD) is a direct transfer from your retirement account to a qualified charity. The benefit is that the distribution is not added to your taxable income.
Read MoreAs you know, we are in the thick of tax season, and I’m finding a lot of clients want to learn more about quarterly estimated tax payments. Perhaps the new tax laws changed their situation enough to warrant estimated tax payments, or perhaps they have experienced a life change, like retirement.
Read MoreFiling an individual tax return extension is often misunderstood and sometimes abused. A federal tax extension is a form filed with the IRS to request additional time to file your income tax return.
Read MoreWe should all be aware by now the IRS does not call you if there is an issue with your taxes; they send tax notices and letters. But did you know there are also fraudulent “IRS” notices and letters circulating?
Read MoreFor the past few years, I’ve resolved to do a better job keeping my tax documents in order. As hard as I try, no tax season has been without paperwork panic. While this admirable goal has never left me, I’ve recently came to realize, tax time organization is not about the destination, it’s about the journey.
Read MoreAbout eight in 10 U.S. tax filers receive a tax refund every year, with the average amount paid over the past few years equaling around $2,800; according to recent IRS data.
Read MoreYou generally have to start taking withdrawals from your IRA, SEP IRA, SIMPLE IRA, or retirement plan account when you reach age 70 ½ . Roth IRAs do not require withdrawals until after the death of the owner.
Read MoreAccording to Wiki, “charitable giving is giving without receiving”. So is it really important to extend a benefit to the donor as a tax deduction?
Read MoreAnyone with ties to the mid-west region of America has more than likely heard of something called Euchre.
Read More3500 DePauw Boulevard, Suite 1035
Pyramid One, Third Floor
Indianapolis, IN 46268
317.872.5090
855.872.5090 Toll Free
317.872.5095 Fax
WEBSITE BY I/S +
