Summer Tax Planning Makes Sense
Now that the April filing deadline has passed, most people are spending more time thinking about summer vacations than taxes.
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Personal Tax
Personal Tax impacts everyone. Let Vernoia, Enterline + Brewer, CPA LLC help you navigate and plan.
Wedding Planning Checklist
The summer wedding season is fast approaching. Wedding planning is often overwhelming but figuring out how marriage will affect a couple’s tax situation doesn’t have to be.
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Tax Reminders for People Selling a Home
A lot of families move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return.
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Can You Use that Durable Power of Attorney Before the IRS?
Many taxpayers create durable powers of attorney for estate planning or other purposes.
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Retirees: April 1 is Last Day to Start Taking Money Out of IRAs and 401(k)s
Retirees who turned 72 during the last half of 2021 that, in most cases, Friday, April 1, 2022, is the last day to begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans.
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2021 Changes in Child Tax Credit
Major changes in the 2021 child tax credit may complicate 2021 tax returns.
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Reasons People Who Don’t Normally File Should File a 2021 Tax Return
With tax-filing season is just around the corner, this is a good time for those who don’t normally file to consider the benefits of filing a 2021 tax return.
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Retiree Required Minimum Distribution
The Internal Revenue Service reminds retirement plan participants and individual retirement account owners that payments, called required minimum distributions, must usually be taken by Dec. 31.
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Charitable Tax Benefit Available Through Dec. 31
The special rule helps most people get a deduction of up to $600 for gifts to charity; the National Council of Nonprofits and Independent Sector highlight how donations can help the nation’s charitable community
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Retirement Plans for 2022
Next year taxpayers can put an extra $1,000 into their 401(k) plans. The IRS recently announced that the 2022 contribution limit for 401(k) plans will increase to $20,500. The agency also announced cost‑of‑living adjustments that may affect pension plan and other retirement-related savings next year. Highlights of changes for 2022 The contribution limit for employees
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