Writing about the IRS two weeks in a row is a bit unusual for me 🙂 Alas, I read IRS Notice CP321J and felt it was important to pass it along to you. The IRS is letting you know you may qualify for the new Saver’s Match starting in 2027. No response is needed from
The IRS has officially replaced its long-running IRS2Go mobile application with a new IRS app that gives individual taxpayers considerably more access to their federal tax information from a phone or tablet. The Free Financial Advisor wrote an article about this change that I want to share with you today. According to the Internal Revenue
There are important changes you may want to look into. The IRS began phasing out paper check payments on September 30, 2025. Social Security paper checks and login changes are in effect. And, Telehealth has been covered under Medicare Part B for several years, but that coverage was set to expire on September 30. IRS Changes In
Cha, Cha, Changes Read More »
The deadline for filing a tax return is next month. If you’re filing on behalf of a relative or friend who has died, today’s post will address what to do if filing for a decedent. Knowing what to do and where to start is something I didn’t know when I had to file a tax
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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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If you have a 401K and are over the age of 50, you are able to make a catch-up contribution to your 401K. In 2024, there will be a change to the popular catch-up contribution. Heads up! Catch-up Contribution Eligibility The IRS defines a catch-up contribution this way. “A catch-up contribution is an elective deferral
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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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Last call! Taxes must be filed by Monday April, 2022 in the US! If you are one of the 15 million Americans who’ve yet to file taxes, here is some information for you from a Fast Company article posted 4-15-22. DO I NEED TO FILE AN EXTENSION BY MONDAY? If you’re not ready to file
Last Call – Taxes! Read More »
Heads up! If you missed it, there is a new 1099 IRS Rule for PayPal, Venmo and CashApp transactions starting in tax year 2022. This rule impacts small businesses and self-employed people. Reading an article covering this information in Entrepreneur.com this week, I was reminded how important it is to stay alert and start documenting
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Highlights from this week included important national information. Student Debt (Navient), IRS 2021 tax information and at-home Covid tests. Want to make sure you have access to this information to be ready for the tomorrows ahead! Student Debt Forgiveness The court ruling against a student debt lender, Navient hit the headlines this week. This ruling
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