Check out this article from our team regarding important tax updates to consider for 2024. A downloadable tax resource document for quick reference is included - just follow the link: https://lnkd.in/gmmnrW4m #taxes #retirement #financialplanning #wealth #meirawealth
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Chief Compliance Officer Corebridge Capital Services, Inc. and VALIC Financial Advisors, Inc. - Corebridge Financial
The 2024 tax adjustments made by the IRS to income tax brackets, the standard deduction, #retirement #savings limits, and phase-outs will collectively impact taxpayers across income levels
2024 IRS Tax Changes: What You Need to Know
finance.yahoo.com
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The tax code is about 75,000 pages long, so it’s not surprising there are many overlooked money-saving deductions hidden within it. And with the much higher standard deduction amounts, those who do not itemize think there are no longer ways to reduce your taxes. Since mid-year is a good time to review great tax reduction ideas, here are some to consider: 7. Leveraging retirement accounts to their fullest There are numerous retirement tax plans that are great tools to help reduce your taxable income. They include 401(k), 403(b) and SIMPLE IRA plans offered through employers and numerous other versions of IRAs. The key is each has an annual contribution limit, and if you don't use that limit for the year, it is gone. So review your options and try to take full advantage of the tax benefits within each plan. Remember if you use the standard deduction, your state refund does not add to your taxable income and should not be added to income. Even if you do itemize, your state refund may only apply if it provides a tax break. So couple a large state tax refund with your itemized versus standard deduction plan and save even more in taxes. Confused? Don’t worry, we are here to help!
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As I support numerous retired executives, I routinely examine income tax returns prepared by other professionals. It's a common joke that "if you give ten accountants the same fact pattern, they will come up with ten different answers." Nonetheless, there are common strategies and deductions that should not be overlooked. Josh Zimmelman Jordan Rosenfeld #retirement #taxes #CPA #financialadvisor #socialsecurity #yahoofinance
I’m an Accountant: The 10 Most Common Mistakes Retirees Make on Their Taxes
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Help stay ahead of tax season with this guide to 10 essential forms retirees receive and what they signify. Understanding these forms is crucial to help for a smooth filing process, making sure you have everything necessary for accurate tax preparation. 📜 ✔ https://lnkd.in/eVe46qmm #taxes #retirement #financialwellbeing
10 Tax Forms Retirees Receive and What They Mean
kiplinger.com
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Are you ready to gear up for 2024? What impact do taxes have on your wallet and businesses? Review some changes when it comes to your taxes this year! The IRS has finalized several smaller changes to retirement accounts, deductions, credits, and more that could impact your tax situation next year. Here are interesting things you need to know. Find out what we know now about 2024 changes here: https://lnkd.in/gmdiTFQR #irs #taxtip #taxseason
Looking into 2024: Some changes when it comes to your taxes » Harper & Company CPA Plus
https://www.harpercpaplus.com
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If you are over 50, you may qualify for more tax deductions than you think! 🤩 Here are 10 of them: https://lnkd.in/ekBc4vBV #retirement #taxbreaks #financialwellbeing
10 Tax Breaks for People Over 50
money.usnews.com
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As your mailbox and inbox start to fill with tax-related documents, this handly blog will help you get your ducks in a row: https://lnkd.in/gRRBpaHy #GretchenRehmFinancial #minnesota #retirement
Gathering Your Documents for Filing Taxes This Spring — The Gretchen Rehm Agency, Inc.
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Before Doing a #RothConversion, Evaluate These Three Thresholds https://buff.ly/3W8RP6M #Roth #RothIRA #IRA #Retirement #RetirementPlanning #Taxes #TaxPlanning #IncomeTax #TaxRate #CapitalGains #Medicare #IRMAA #PersonalFinance #FinancialPlanning
Before Doing a Roth Conversion, Evaluate These Three Thresholds
kiplinger.com
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CFP®, ChFC®, AIF® | Financial Planner | Investment Management | Wealth Management | Employer-Sponsored Retirement Plans
Before Doing a #RothConversion, Evaluate These Three Thresholds https://buff.ly/3W8RP6M #Roth #RothIRA #IRA #Retirement #RetirementPlanning #Taxes #TaxPlanning #IncomeTax #TaxRate #CapitalGains #Medicare #IRMAA #PersonalFinance #FinancialPlanning
Before Doing a Roth Conversion, Evaluate These Three Thresholds
kiplinger.com
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Before Doing a #RothConversion, Evaluate These Three Thresholds https://buff.ly/3W8RP6M #Roth #RothIRA #IRA #Retirement #RetirementPlanning #Taxes #TaxPlanning #IncomeTax #TaxRate #CapitalGains #Medicare #IRMAA #PersonalFinance #FinancialPlanning
Before Doing a Roth Conversion, Evaluate These Three Thresholds
kiplinger.com
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