Dec 16, 2022 | Firm Updates, Individual Tax, Retirement Planning, Tax Tips
The “Setting Every Community Up for Retirement Enhancement” Act, or SECURE Act, was enacted on December 20, 2019. Over two years after the law was enacted on February 23, 2022, the IRS issued proposed regulations on the SECURE Act, which include changes to inherited...
Dec 16, 2022 | Firm Updates, Individual Tax, Tax Tips
The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before the end of the year. Here are the basic tax rules involved in these transactions. Donating to charity In 2022, in order to receive...
Dec 16, 2022 | Firm Updates, Individual Tax, Tax Tips
The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some moves to make the best tax use of paper losses and actual losses from your stock market investments. Tax rates on sales Individuals...
Dec 16, 2022 | Firm Updates, Individual Tax, Retirement Planning, Tax Tips
The effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than you were last year. Are you wondering how high inflation will affect your federal income tax bill for 2023? The IRS recently announced next year’s...
Dec 2, 2022 | Firm Updates, Individual Tax, Tax Tips
2022 is coming to an end, which means tax season is right around the corner. While you might be busy planning for the upcoming holidays, we at Sciarabba Walker want to help you prepare for tax filing by sharing some updates and strategies with you. Help Us Help You...
Oct 19, 2022 | Firm Updates, Individual Tax, Tax Tips
In late August, President Biden announced a plan to cancel $10,000 in federal student loan debt for those earning less than $125,000 per year and $20,000 for low-income families who had received Pell grants. In the United States, 45 million people owe $1.6 trillion...
