Key Tax Provisions of the Inflation Reduction Act of 2022
The Inflation Reduction Act (IRA), signed into law on August 16, 2022, includes provisions affecting businesses, individuals, the clean-energy industry, healthcare, and more. Let's take a look:
Businesses
Sec. 461(l) Business Loss Limitati... Read More
Qualified Charitable Distributions From IRAs
If you're a retiree aged 70 1/2 or older, consider taking advantage of legislation that allows you to reduce or eliminate the amount of income tax on IRA withdrawals transferred directly to a qualified charitable organization. You can use this tactic e... Read More
Dirty Dozen Tax Scams for 2022
The "Dirty Dozen" is a list of common tax scams compiled by the IRS for more than 20 years to alert taxpayers and the tax professional community about tax scams and other fraudulent schemes. Designed to raise awareness among taxpayers and others who may not always be ... Read More
Tips to Help You Get Started Saving for Retirement
It's never too late to start saving for retirement, but the sooner you begin, the more time your money has to grow. That's because gains each year build on the prior year's gains thanks to the power of compound interest - and it's the best way to a... Read More
What To Do if You Missed the April Tax Deadline
Monday, April 18, 2022, was the tax deadline for most taxpayers to file their tax returns, but if you haven't filed a 2021 tax return yet, it's not too late. Here's what you need to do:
First, gather any information related to income and deductions... Read More