Category: Tax Planning

Are COBRA Premiums Tax Deductible? A Guide for Your Tax Return.

Losing a job or transitioning to self-employment is stressful enough without the “sticker shock” of…
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IRS New 2026 Mileage Rates: Everything You Need to Know

The Internal Revenue Service (IRS) has officially announced the 2026 standard mileage rates, and there…
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The New SALT Cap Increase: A Major Win for Your 2025 Tax Returns

If you’ve felt the sting of the $10,000 “SALT cap” since 2018, there is significant…
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401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500

IR-2025-111, Nov. 13, 2025 WASHINGTON — The Internal Revenue Service announced today that the amount…
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Roth IRA Contribution Limits for Tax Year 2025: What You Need to Know

Planning for retirement is a cornerstone of financial well-being, and a Roth IRA can be…
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Maximizing Your Retirement Savings: A 2025 Guide to Contribution and Income Limits

As we look ahead to 2025, it’s crucial to stay informed about the latest changes…
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Understanding IRS CP30 Notices: Why You Got One and How to Avoid It

If you’ve recently received a CP30 notice from the IRS, you’re not alone—and you’re probably wondering what…
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TRADITIONAL IRA, ROTH IRA WITH 401K PLAN

​For the 2024 tax year, individuals can contribute to both a 401(k) plan and an…
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Roth 401k

Roth 401(k) Withdrawal Rules: What You Need to Know

Roth 401(k) plans combine the best features of traditional 401(k) accounts and Roth IRAs, offering…
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Single-Member vs. Multi-Member LLC: Choosing the Right Structure for Your Business

A Single-Member LLC (SMLLC) and a Multi-Member LLC (MMLLC) are both types of Limited Liability…
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