Higher-earning individuals and plan sponsors have been handed a two-year reprieve on a change to catch-up contributions in retirement accounts. What are catch-up contributions? For individuals age 50 or older, the 2023 IRS annual limit of $22,500 for individuals contributing to a traditional or Roth 401(k) is expanded, allowing for an additional $7,500 in catch-up…
Going green? Uncle Sam will provide tax credits covering some costs of solar panels, energy efficient doors and windows, heat pumps and more.
Got money left over in a 529 college fund? Now you have a new investment option.
New federal $7,500 tax credit for electric-vehicle purchases has a lot of fine print that limits who and what qualifies for the deduction.
R-E-L-A-X – New IRS funding means more employees to process returns, answer phone calls and scrutinize high-end individuals and corporations that evade taxes.
Protect yourself further from identity theft with the Internal Revenue Service’s new PIN code.
As 2022 draws to a close, we’re revisiting the most popular insights of the year.
How to unlock the American Dream for your kids and grandkids.
Ways to take advantage of current conditions to make your real wealth work harder for you.
Using a donor-advised fund for tax-smart charitable giving.