Did you miss Tuesday's introductory blog? Read it now! Method 1 Taxable (non-retirement) accounts first, Tax-deferred accounts second, Roth accounts last. Pros: Allows retirement accounts to grow for the longest time tax-deferred/free. May allow Roth money to be passed on to heirs. Lower tax bills in early retirement...
If you are on Medicare, but have a higher income level, you might be on the edge of a “cliff” without knowing it. What is a Medicare cliff? Medicare Part B monthly premiums are what you pay each month to have coverage. Premiums are based on your...
New details about last month’s American Rescue Plan Act continue to emerge, and federal agencies and state officials continue working to address regular business and the pandemic. Triage Cancer remains committed to bringing you the news that might impact the cancer community. National News Income Tax...
Back to share more expert advice is financial planner, Kristi Sullivan! Today she is sharing some practical end of year tax tips for individuals and small business owners. Think you can wait until December 31st to do tax planning for 2016? Think again! Starting your tax to-do’s earlier...
When you file your taxes for 2015, you’ll need to include certain information about your health coverage, depending on the type of coverage you had. You had Marketplace coverage in 2015: If you enrolled in a health plan through HealthCare.gov or your state’s Health Insurance Marketplace, watch...
The Volunteer Income Tax Assistance (VITA) program offers free tax help to people who generally make $54,000 or less, persons with disabilities and limited English speaking taxpayers who need assistance in preparing their own tax returns. IRS-certified volunteers provide free basic income tax return preparation...
As we approach the April 15th deadline for filing our federal income taxes, we wanted to share some information about how to lower your taxes by claiming medical and dental expenses. Most of us pay for health insurance premiums, co-payments, deductibles, and co-insurance/cost-share amounts for our...