What’s New For Taxes in 2023?

What’s New For Taxes in 2023?

The income levels for 2023 tax brackets include an adjustment higher for every bracket, but the tax rates are not changing.  The standard deduction will be increasing as well as the retirement and HSA plan contribution limits.  These changes should be taken into...
Can Tax Loss Harvesting Lower Your Tax Bill?

Can Tax Loss Harvesting Lower Your Tax Bill?

Tax Loss Harvesting is a great end-of-the-year tax planning tool. The goal of this exercise is to sell investments at a loss to offset other potential income taxes. Capital losses can be used to reduce capital gains in a given year since only the ending net result is...
Year-End Financial Tips to Keep You on Track

Year-End Financial Tips to Keep You on Track

Budget for holiday shopping and gifts before spending. Review retirement contribution amounts and limits for the current year. Set budget and financial goals for the upcoming year.  Evaluate tax planning strategies such as Tax Loss Harvesting, Charitable...