April is financial literacy month. As finances are in the news of late, I thought I would address financial literacy across different life stages in this post. Photo by Markus Winkler on Unsplash Building Financial Literacy at Every Life Stage April marks Financial Literacy Month, giving us all a perfect opportunity to reflect on our […]
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We covered Social Security and Medicare a few weeks back. Changes appear to be on the horizon for Social Security recipients, which may require more in-person office visits or the use of online tools. The changes mostly impact two groups of people: those seeking Social Security benefits for the first time and current recipients who
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Happy Groundhog Day! It’s here – tax season opened on January 27th for individual filers in the United States. Here is information about what to know before you file to get you in the “mood”! The IRS has created a page called Get Ready to File Your Taxes reminding us that tax planning is for
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It’s that time of year … the IRS announced tax brackets for 2025. Every fall, the IRS announces inflation adjusted tax brackets for the following year to protect us from inflation pushing us into a higher tax bracket. US inflation is lower than it’s been in three years and the IRS annual adjustment is smaller
In case you haven’t heard, there are some tax provisions set to expire in 2025 if Congress takes no action. August is upon us, and we have four months left in 2024. Take a look at what may expire and prepare accordingly. The Tax Cuts and Jobs Act (TCJA) of 2017, signed into law, is
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What in the heck does “fund” a Trust even mean? When I first heard this term years back it confused me. Let me attempt to describe this in layperson terms 🌞 FYI, there are times when having a trust can give you a false sense of security. Having a trust is one thing, funding a
Welcome to 2024 and the use of technology! Voice recognition is everywhere. Various sources can now use your voice to authenticate it’s really you. But … is voice recognition safe? This is what I wanted to research for you this week. Image by Tumisu from Pixabay What is Voice Recognition? TechTarget.com describes voice recognition this
How familiar are you with the term authorized user on credit cards? After a number of conversations about this topic, decided It was time to Blog about this important topic. Want to make sure you’re all in the know! When my dad was diagnosed with Alzheimer’s it was time for my mom to have her
The IRS has released income tax brackets and standard deductions for 2024. To plan ahead for what you’ll owe on your taxable income, here are the numbers. Photo by Tara Winstead: https://www.pexels.com/photo/folder-and-calculator-on-white-table-7111512/ Highlights The Details Per CNBC, here are the marginal tax brackets for 2024 Marginal tax brackets for tax year 2024 Married filing jointly
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Are you aware of the Saver’s Credit you’re entitled to when you contribute to your IRA or employer-sponsored plan? Each year the IRS outlines who’s eligible, the amount you may contribute, and the Saver’s Credit you’ll receive. Sharing the specifics for the 2023 tax year from the IRS! Image by Nattanan Kanchanaprat from Pixabay Who’s
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