Ways to Claim (Tax) Credit for Going Green
If you’re planning energy-efficient home improvements or considering the purchase of an electric vehicle in 2023, The Inflation Reduction Act (IRA), signed into law in August, may hold some tax breaks for you. The climate portion of the 2022 Inflation Reduction Act provides $369 billion in funds to reduce climate change, and kickstart a new…
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Decoding Tax-Loss Harvesting
You know the adage: “When life gives you lemons, make lemonade.” During the market downturn, we’ve been watching for opportunities to apply this wisdom to client portfolios using a practice called tax-loss harvesting. But how can taking a loss be a good thing? As a rule, it’s not a good idea to sell investments in…
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Preparing for Tax Season 2022
Last week the IRS announced our nation’s tax season will officially start Monday, Jan. 24, 2022 – meaning the tax agency will begin accepting and processing 2021 tax year returns on that day. Are you ready for tax season 2022? With the lingering pandemic, a variety of tax changes have happened in the last year,…
Read MoreSteps to Make End of Year Less Taxing
The end of the year is fast approaching, and the holiday season is here! While it’s easy to push things off until the last minute, now is a good time to review your current financial records and take advantage of any last-minute tax savings. Also consider other steps you can take now – during Giving…
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The New Child Tax Credit Guidelines
Did you know you may have an extra few hundred dollars per month on the way from the IRS this July through December? If you have dependent children in your household read on to see how the updated Child Tax Credit may affect your family in 2021. The COVID-19 pandemic has brought far-ranging changes to…
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