With year-end approaching, 3 ideas that may help cut your tax bill
If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are three quick strategies that may help you trim your taxes before year-end.
Remember to use up your flexible spending account money
Do you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses? As the end of 2021 nears, there are some rules and reminders to keep in mind. An account for health expenses
2022 Cost of Living Adjustments
The IRS recently released cost of living adjustments for retirement plans and other retirement-related items for 2022. DOWNLOAD THE 2022 LIMITS
2021 Year-End Year-Round Tax Planning Guide
At SEK, we are dedicated to helping you maximize your income through a variety of tax-saving strategies. We are excited to share our 2021 Year-End Year-Round Tax Planning Guide, which includes:
Factor in taxes if you’re relocating to another state in retirement
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.
Thinking about participating in your employer’s 401(k) plan? Here’s how it works
Employers offer 401(k) plans for many reasons, including to attract and retain talent. These plans help an employee accumulate a retirement nest egg on a tax-advantaged basis. If you’re thinking about participating in a plan at work, here are some of the features.
Vacation home: How is your tax bill affected if you rent it out?
If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax consequences?
Fraudulent unemployment claims on the rise
Pennsylvania Department of Labor and Industry has seen a rise in fraudulent unemployment claims since the roll out of their new online filing system for unemployment claims. The Department has added a new layer of security that will require individuals to verify their identity w
Planning for year-end gifts with the gift tax annual exclusion
As we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their loved ones.
President Biden's tax plan: potential changes ahead
By Nathaniel L. Fissel, CPA, MST Member of the Firm