It’s tax prep time! The US 2022 tax filing season is upon us. Let’s get you in the spirit and ready to file. Tips to Help You The IRS started accepting 2022 tax returns on January 23rd. The official deadline for individual tax returns is April 18, 2023 for most Americans. There are some exceptions […]
It’s time for more US tax updates! Two important areas of focus this week: 1) 2022 Tax Year Benefit Changes and 2) Tax Brackets for 2023. Let’s get you ready for tax preparation and filing for the 2022 calendar year. On Friday October 21st, the IRS also announced the inflation-adjusted employee contribution limit for 401(k)s
Student Loan Forgiveness has been in the news of late. This student loan relief initiative will impact up to 40 Million Americans. As information about the program details continues to evolve, there may be some “tweaks” ahead. The US Department of Education released an article of “do’s and don’ts” this week I wish to share
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The Inflation Reduction Act Bill passed by the Senate and the House this week includes Healthcare Cost Savings measures to be aware of. This bill contains provisions impacting health care, climate and tax reform. The Inflation Reduction Act is estimated to spend about $485 billion over 10 years on health and alternative energy programs while raising about
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The tax code is not exactly “bedtime reading” 🙂 I read an article this week on https://financebuzz.com/irs-retirement-changes?pid=1692 I’m sharing with my own information added! Want you to have a heads up to the 2022 IRS changes impacting retirement accounts. As you save for retirement, take note of the following changes. 1. Maximum contributions are higher
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There were multiple articles of interest this week. Real ID, Financial Fraud and Affordable Internet updates impact young and young at heart ❣ Read on to see what may impact you or someone you love. Real ID Implementation Update After the “pandemic delay”, effective May 3, 2023 Real ID goes into effect. Be alert, you
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The Secure Act 2.0 passed the House of Representatives this week by a vote of 414-5. This piece of legislation moves now to the Senate. This bill was crafted to simplify the current retirement system and help workers save for retirement. Pay attention – sometimes what you plan is impacted by legislation! The original Secure
As we explore the human aspect of work, let me remind you that today in the US, we “spring ahead”! Yes, it is that day of the year when an hour of our day goes “poof”! Happy Sunday! One Size Does Not Fit All Two years ago, we learned of a global pandemic. This pandemic
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Medical Costs impact us all. The statistics are sobering. How prepared are you for the possibility of a one time medical issue? Did you know that over a half a million Americans file for bankruptcy every year because of medical bills? Or that US medical bills are responsible for 66.5% of all American personal insolvencies?
Effective January 1, 2022 the No Surprises Act went into effect. The No Surprises Act bans surprise medical bills for emergency services and unexpected out-of-network providers. What this Act Means (from NerdWallet January 5, 2022) More Americans worry about unexpected medical bills than any other expense, according to polls by the Kaiser Family Foundation in
