Congress Allowing Higher Medical Deductions for 2019 and 2020
With the passage of the Appropriations Act of 2020, more taxpayers may qualify for medical deductions.
Do I Have to File a Tax Return?
Even if you are not required to file a tax return, there are several benefits available that can produce refunds.
Planning Concerns of Divorcing Couples
If you’re getting a divorce, it’s important to understand the basics of divorce law.
Understanding Your Annual Social Security Letter
Even though your monthly Social Security benefits may have increased because of inflation, the net amount you receive may actually be less per month because of increases in Medicare Part B and D premiums.
Last Year’s Last-Minute Tax Changes by Congress
Congress passed many tax changes that became effective in 2020, as well as extensions through 2020 of several tax provisions that had expired or were about to end.
The SECURE Act—Not All Bad News for Retirement Plans
In today’s Marietta Daily Journal, Bil Lako, CFP®, looks at some of the significant changes from the SECURE Act, which is being described as the biggest piece of legislation to affect retirement accounts since 2006.
The 1099-MISC Filing Date Is Just Around the Corner—Are You Ready?
If your business paid an independent contractor $600 or more in 2019, you need to file a 1099-MISC by January 31st. Failure to do so can result in a penalty.
Divorced, Separated, Married or Widowed This Year? Unpleasant Surprises May Await You at Tax Time
While these occasions can be stressful or ecstatic, there are some major tax complications involved.
The SECURE Act—Not All Bad News for Retirement Plans
The “Money Talks” experts take a deeper dive into the SECURE Act and how it affects businesses and individuals.
Key Retirement and Tax Numbers for 2020
We detail a few of the key adjustments for 2020 that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts.