IRS issues standard mileage rates for 2021

IRS issues standard mileage rates for 2021

Dec 30, 2020 | News to Note

IRS Newswire. —  WASHINGTON — The Internal Revenue Service recently issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2021, the...
Forecast of what may be coming with the Biden tax plan

Forecast of what may be coming with the Biden tax plan

Dec 23, 2020 | News to Note

With information from our friends at Pinnacle Wealth Planning Services, Inc. —  Now that the 2020 general election is mostly over, it’s time to consider what federal tax changes President­elect Biden would like to see for 2021 and beyond. However, the...
Advice for Your Year-End Charitable Giving

Advice for Your Year-End Charitable Giving

Dec 16, 2020 | News to Note

With information from our friends at Pinnacle Wealth Planning Services, Inc. —  Dear Clients, With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our lives. It is also a time when charitable...
Beware of Covid-19 Vaccine Scams

Beware of Covid-19 Vaccine Scams

Dec 9, 2020 | News to Note

With information from our friends at Pinnacle Wealth Planning Services, Inc. —  Dear Clients, We wanted to pass along this information to keep you informed and aware. Unfortunately and unsurprisingly, there already are many scams underway associated with the COVID-19...
Student Loans: Pay Off Early or Save More for Retirement?

Student Loans: Pay Off Early or Save More for Retirement?

Dec 2, 2020 | News to Note

Pinnacle Wealth Planning Services, Inc. —  For adults with student debt and extra money on hand, deciding whether to pay off student loans early or put those funds toward retirement can be tricky. It’s a financial tug-of-war between digging out from debt today...
Now’s a Good Time to Consider a Roth Conversion

Now’s a Good Time to Consider a Roth Conversion

Nov 25, 2020 | News to Note

Pinnacle Wealth Planning Services, Inc. —  This year has been challenging on many fronts, but one financial opportunity may have emerged from the economic turbulence. If you’ve been thinking about converting your traditional IRA to a Roth, now might be an...
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