Blog tagged as Taxes

Income Tax Brackets for 2025

12/16/2024 03:24 PM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Income Tax Brackets for 2025
The IRS announced higher tax brackets and standard deductions for 2025. Contribution limits have also been increased for HSAs and FSAs.

Potential and Proposed Tax Changes to Watch For 2026 and Beyond

11/27/2024 10:00 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Potential and Proposed Tax Changes to Watch For 2026 and Beyond
The Tax Cuts and Jobs Act (TCJA) is set to expire at the end of 2025, prompting potential changes in areas like SALT deductions, business deductions, and clean energy credits, with significant implications for taxpayers.

Universal Wallet Accounting is Coming to an End. What Does That Mean?

11/22/2024 09:31 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Universal Wallet Accounting is Coming to an End. What Does That Mean?
The IRS is ending universal wallet accounting for cryptocurrencies starting January 1, 2025, requiring investors to report transactions on an account-by-account basis, which necessitates more precise tracking and strategic tax planning.

Income Tax Brackets for 2024

11/09/2023 02:56 PM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Income Tax Brackets for 2024
The IRS announced higher tax brackets and standard deductions for 2024. Contribution limits have also been increased for HSAs and FSAs.

7 Ways to Spring Clean Your Finances

05/05/2023 10:32 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
7 Ways to Spring Clean Your Finances
It's still Spring, so it's still an ideal time to clean up your finances, clear out the clutter, and get a fresh start. Consider these 7 suggestions to get a better handle on your finances.

5 Steps for Handling an Unexpected Tax Bill

02/22/2023 11:35 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
5 Steps for Handling an Unexpected Tax Bill
Getting stuck with an unexpected tax bill can be stressful and unsettling. Here are five ways to reduce your tax bill to a more manageable size.

What is the Difference Between Quarterly and Annual Taxes?

02/01/2023 08:00 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
What is the Difference Between Quarterly and Annual Taxes?
You know you have to pay taxes, but did you know when you choose to pay them could make a big difference in your tax return? Start the new year off right with these must-know facts about your taxes (Psst, especially if you're a business owner!).
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