Tax Credit Changes Under the Inflation Reduction Act By: Stacey Nickens On August 16, 2022, President Biden signed the Inflation Reduction Act into law, enacting legislation designed to combat climate change, support clean energy, and raise tax revenue. The new legislation increases corporate tax rates, offers additional tax credits or expands existing ones, and [...]
3 Ways to Minimize Your Tax Bill in Retirement By: Stacey Nickens You've worked hard your whole life to build up your retirement nest egg. You save for healthcare expenses, housing renovation needs, and even a travel budget. However, as you are settling into a slower retirement lifestyle, you realize that you're paying a [...]
Social Security Tips: Medicare Premiums and Higher Incomes By: Stacey Nickens When you turn 65 and claim Medicare, a Medicare premium will be deducted from your Social Security benefit. The base premium in 2020 is $144.60; however, this premium increases as your household income increases. Your premium will be $144.60 if you as an individual [...]
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