Tax season is here again, but before you file, make sure you’re up to date on important tax changes. One of the biggest changes this year is that many of the credits or tax breaks that were in place due to the pandemic have gone away, or gotten smaller. That means you might need to […]
What are Qualified Charitable Distributions?
For many people, their 72nd birthday is also when the required minimum distributions (RMDs) kick in for their individual retirement account (IRA.) If your RMDs are high, that means you run the risk of being taxed at a higher bracket, because those RMDs are counted as income. There are a variety of options to bring […]