Seven ways retirement will be different in 2024

Seven ways retirement will be different in 2024

Dec 27, 2023 | News to Note

From AARP — By Andy Markowitz —   How changes in Social Security, Medicare, taxes and more will affect your finances For most people, retirement finance is a delicate balance between income that’s likely less than what you made while working and expenses that may be...
Tax season ahead: IRS warns of scams by email, text, phone

Tax season ahead: IRS warns of scams by email, text, phone

Dec 20, 2023 | News to Note

From the IRS —  To wrap up National Tax Security Awareness Week, the Internal Revenue Service and the Security Summit partners earlier this month reminded taxpayers and tax professionals to stay alert against emerging scams during the upcoming filing season and...
Why Biden’s EV tax credit could become hard to claim

Why Biden’s EV tax credit could become hard to claim

Dec 13, 2023 | News to Note

From the Wall Street Journal — By Scott Patterson and Andrew Duehren  —  The Biden administration hopes to use generous tax credits to boost electric-vehicle sales and push automakers away from Chinese suppliers. A key material in EV batteries shows why it is proving...
The extra standard deduction for people age 65 and older

The extra standard deduction for people age 65 and older

Nov 15, 2023 | News to Note

From Kiplinger Personal Finance — By Kelley R. Taylor —  You’ve probably heard about the standard deduction, but did you know that the tax code offers a perk in the form of an extra standard deduction for people aged 65 or older? For eligible older adult filers, the...
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