The Inflation Reduction Act of 2022 modifies and extends tax credits available to individual homeowners. It does this through two ways which are listed below. Energy Efficient Home Improvement Credit This nonrefundable tax credit is available to individuals
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The SECURE 2.0 Act of 2022 (SECURE Act 2.0) was signed into law in December 2022. The SECURE Act 2.0 is designed to expand upon automatic enrollment programs and increasing annual contributions and catch-up limits for retirement plans.
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As a parent with young children, you are faced with many rewards and challenges. One of which may be saving for the cost of a college education. The good news, there are two tax-favored options that might be
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The SECURE 2.0 Act of 2022 (SECURE Act 2.0) is designed to ensure that small employers can easily sponsor plans for employees and enhance various credits to make saving for retirement beneficial. Key Guidelines For the first three
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Here are some circumstances to watch for that can raise your tax liability: New tax laws While the goal of the new legislation is to reduce taxes, there are several changes that could cause you to pay more
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Are you in the process of starting a new job? If you have a retirement plan through your previous employer, you will have to decide what to do with that money. Here are three tax-related issues that you
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