News & Articles
Are You Eligible for Any of These College-Related Federal Tax Benefits?
College students and parents deserve all the help they can get when paying for college or repaying student loans. If you're in this situation, here are three federal tax benefits that might help put a few more dollars back in your pocket. American Opportunity Credit The American Opportunity tax credit is worth up to $2,500 per student per year for qualified tuition and fees [...]
50 and Older? Here’s Your Chance to Catch Up on Retirement Saving
If you are age 50 or older and still working, you have a valuable opportunity to super-charge your retirement savings while managing your income tax liability. Catch-up contributions offer the chance to invest amounts over and above the standard annual limits in IRAs and workplace retirement plans. 2023 Limits In 2023, the IRA catch-up limit is an additional $1,000 over the standard annual amount of $6,500. [...]
Time for a Spring Cleanup: Organizing Your Financial Records
The arrival of spring is always a good time to dust off the cobwebs that have built up in your home during the winter. It's also a good time to clean out and organize your financial records so you can quickly locate something if you need it. Keep Only What You Need If you keep paperwork because you "might need it someday," your home office and [...]