We have a lot of parents that ask us if they are allowed to establish a Roth IRA on behalf of their son or daughter. You can, as long as they have earned income. This can be a very powerful wealth accumulate strategy for your children since all of the...
If you were planning on moving this year to take a new position with a new company or even a new position within your current employer, the moving process just got a little more expensive. Prior to the tax law changes that took effect January 1, 2018, companies...
As a result of tax reform, the IRS released the new income tax withholding tables in January and your employer probably entered those new withholding amounts into the payroll system in February. It was estimated that about 90% of taxpayers would see an increase in...
With total student loan debt in the United States approaching $1.4 Trillion dollars, I seem to be having this conversation more and more with clients. There has been a lot of speculation between president obama and student loans, but student loan debt is still...
The Marriage Penalty: Past and Present Whether you’re currently married or not, the new tax legislation may impact how the “Marriage Penalty” affects you. I’m not going to call myself Cupid just yet but this article may make it easier for people...
There is great news for parents in the middle to upper income tax brackets in 2018. The new tax law dramatically increased the income phaseout threshold for claiming the child tax credit. In 2017, parents were eligible for a $1,000 tax credit for each child under...
