- Planning for Your Retirement – New Wrinkles from the SECURE 2.0 Act
- In 2019 Congress passed legislation named the Setting Every Community Up for Retirement Enhancement Act – shortened to the SECURE Act – that included a number of retirement plan changes and enhancements. In late December, 2022, the SECURE 2.0 Act was passed and signed by President Biden. Many of the provisions of SECURE 2.0 were designed to encourage more Americans to save more for their retirement years and make it easier to do so. Some of these changes could impact your retirement plan strategy. Here are some of the highlights of SECURE 2.0:
- Video Tips: Grandparents - Explore These Tax Breaks
- Grandparents rearing grandchildren may qualify for a variety of tax breaks. Watch this video to learn about these tax opportunities.
- Taxation and Sales of Inherited Property Get Beneficial Treatment
- If you are the recent beneficiary of an inheritance, you may be wondering if you will need to pay tax on the cash, stocks or real property that you received.
- Tax Breaks for Grandparents
- More and more individuals who thought their child-rearing days were over are now raising their grandchildren. It is estimated that 6.5 million children in the United States currently live with at least one grandparent, accounting for approximately 9% of all children nationally and more than half of those not living with their parents.
- Video Tips: Mistake on Your Tax Return? Here's What to Do
- If you realize that you have made a mistake on your tax return or receive a correction notice from the IRS, watch this video for a brief guide on how to proceed.
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