Congratulations! You’ve retired and started claiming Social Security benefits. But wait – your benefits are subject to federal taxation. This may come as a surprise, as it does with many retirees.
It’s rare that a tax strategy can help you save taxes and support a charitable cause, but the Qualified Charitable Distribution (QCD) does just that.
With inflation at an annualized 7.5%, businesses and consumers are searching for cost savings wherever they can. Here are a few accounting and tax strategies that can help.
It may barely be fall, but the holidays are just around the corner and many people may be thinking about giving gifts of cash or stock to their loved ones this year. If you expect to give cash gifts, be aware that by using the annual federal gift tax exclusion you can reduce the size of your taxable estate. The exclusion amount for 2021 is $15,000.