Feb 4, 2025 | Firm Updates, Individual Tax, Retirement Planning
Retirement is often viewed as an opportunity to travel, spend time with family or simply enjoy the fruits of a long career. Yet the transition may bring a tangle of tax considerations. Planning carefully can help you minimize tax bills. Below are four steps to take if...
Jun 21, 2023 | Firm Updates, Retirement Planning, Tax Tips
Charitable giving affords crucial support to nonprofit organizations that are providing essential services to communities. With a little planning, they also offer potential income tax savings to the donor. For income tax purposes, the amount of a deductible...
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, 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 20, 2021 | Firm Updates, Retirement Planning, Small Business
On October 21, 2021, Governor Hochul signed legislation ensuring retirement plan security for private-sector employees. The seven-member New York Secure Choice Savings Program Board will run the program. This law will apply to both for-profit and non-profit employers...
Nov 16, 2021 | Firm Updates, Individual Tax, Retirement Planning
Are you considering a move to another state when you retire? Perhaps you want to relocate to an area where your loved ones live or where the weather is more pleasant. But while you’re thinking about how many square feet you’ll need in a retirement home, don’t forget...
