by admin | Feb 13, 2024 | TaxBiz
📝 The Internal Revenue Service (IRS) recently bumped the income thresholds for its tax brackets by 5.4% for 2024, its latest adjustment to account for elevated rates of inflation. The move is unlikely to produce a material change on most Americans’ tax burdens,...
by admin | Feb 6, 2024 | TaxBiz
Although taxes shouldn’t necessarily drive your investment decisions, thoughtfully evaluating the asset classes you choose and the accounts you hold them in could help you lower your tax bill. While tax rules and rates may change over time, the value of keeping...
by admin | Jan 30, 2024 | TaxBiz
Health Savings Account (HSA) work together with an HSA-eligible health plan. If you’re enrolled in this type of health plan, you can make pre-tax contributions to an HSA, allowing you to pay for qualified medical expenses tax-free. This can help create a cash...
by admin | Jan 23, 2024 | TaxBiz
📌 Mortgage rate races toward 8% after hitting a high not seen since late 2000. The average rate on the popular 30-year fixed mortgage rose to 7.72%, according to Mortgage News Daily. Mortgage rates follow loosely the yield on the 10-year Treasury, which has been...
by admin | Jan 16, 2024 | TaxBiz
The Internal Revenue Service (IRS) encourages taxpayers to visit IRS.gov for tips, tools and resources to help them prepare to file their 2023 federal income tax return. The Get Ready to File Your Taxes page on IRS.gov outlines steps taxpayers can take now to make...
by admin | Jan 9, 2024 | TaxBiz
Happy New Year to all! ❤ Whether you’re taking a well-deserved break or you’ve already got your New Year’s resolutions in gear, taxes may be on your mind. You should already have an idea of what you will have to pay on tax day. If you don’t...
