Regardless if you’re just starting out, starting over, or are somewhere in between, it’s important to include saving for the future as part of your financial plan. Designed to safeguard your money until you need it, a savings account is a secure place to deposit your money while building up your savings over time.
The New Year is a time when we can consider the year that has just passed, consider our lives, and resolve to improve our circumstances.
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Act) included new gift, estate, and generation-skipping transfer (GST) tax provisions.
The start of a new year is an ideal time to check in with your finances and determine if any adjustments need to be made. Assessing how and what impacted your finances in the past year can help you get a better understanding of your financial situation going into the new year.
Tax planners often develop checklists to guide taxpayers toward year-end strategies that might help reduce taxes. Typically, suggestions are grouped into several different categories, such as "Filing Status" or "Employee Matters," for ease of reading.
Just what you need, right? One more time-consuming task to be taken care of between now and the end of the year.
As one year winds down and we prepare for a new one, here are some simple tips to help lower your taxes and put you on solid financial footing as we look forward to 2022.