Common April Tax Questions Answered!

The individual tax deadline of April 18th (yes, this year it’s April 18th!) is fast approaching. Here are answers to five common questions that taxpayers typically ask in April. What happens if I don’t file on time? There’s no penalty for filing a tax return...

Plan Your Retirement Savings Goals for 2022

There’s good news for your retirement accounts in 2022! The IRS recently announced that you can contribute more pre-tax money to several retirement plans in 2022. Take a look at the following contribution limits for several of the more popular retirement plans:...

Social Security Announces 2022 Adjustments

2022 SOCIAL SECURITY benefits have changed AVERAGE RETIREMENT BENEFITS Starting January 2022 All workers in 2021: $1,565/mo All workers in 2022: $1,657/mo The 2022 maximum Social Security retirement benefits a worker retiring at full retirement age: $3,345/mo...

Make the Most of Your Vehicle Expense Deduction

Tracking your miles whenever you drive somewhere for your business can get pretty tedious, but remember that properly tracking your vehicle expenses and miles driven can lead to a significant reduction in your taxes. Here are some tips to make the most of your vehicle...

Bad Debt vs. Good Debt

Good debt adds value Good debt often leads to financial growth, because the product or service being purchased adds more value than the debt that comes with it. Student loans are usually an example of good debt because the related education allows you to earn more...