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Blog tagged as Tax Deduction
Income Tax Brackets for 2024
11/09/2023 02:56 PM
By
Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA
-
Comment(s)
The IRS announced higher tax brackets and standard deductions for 2024. Contribution limits have also been increased for HSAs and FSAs.
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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)
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.
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10 Tips to Aggressively Pay Down Your Debt
11/22/2022 11:57 AM
By
Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA
-
Comment(s)
10 ways you can aggressively pay down your debt, helping you to get in a better financial position quicker & alleviate stress.
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New Income Tax Brackets for 2023
10/19/2022 08:00 AM
By
Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA
-
Comment(s)
In response to high inflation, the IRS announced higher tax brackets and standard deductions for 2023. Contribution limits have also been increased for HSAs and FSAs.
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Tax Planning with Charitable Contributions
08/17/2022 08:20 AM
By
Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA
-
Comment(s)
A common method of lowering taxes is donating to a charity to receive a tax deduction.
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Pre-Tax vs After-Tax Retirement Contributions
08/03/2022 08:00 AM
By
Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA
-
Comment(s)
Tax planning is a year-round effort. Here's how you can plan ahead with your tax strategy so you’re prepared all year long.
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What Is the Difference Between a Tax Credit and a Tax Deduction?
04/05/2022 08:00 AM
By
Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA
-
Comment(s)
While they’re both worth getting excited over, it’s important to understand the fundamental differences between tax credits and tax deductions.
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