New Parents’ Guide to Tax Benefits: Making the Most of Your 2024 Tax Return
Welcoming a new baby changes everything - including your tax situation. Between midnight feedings and diaper changes, tax planning might be the last thing on your mind. However, understanding the tax benefits available to new parents could put thousands of extra dollars in your pocket during the 2025 tax season. Think of your new tax situation like assembling a baby's room - you need the right tools, proper planning, and attention...
How Does Inflation Impact Your Investments?
Rising inflation rates impact prices and purchasing power and may also impact the value of your investments. One concern that may not be on your mind as you’re wealth planning is inflation. But inflation impacts a wide variety of financial considerations, including the investment choices you make. Inflation is how much the economy increases prices each year for the average cost of goods and services. The inflation rate signifies the rate of...
Last-Minute Tax Deduction Strategies
Even if you’re tax planning at the last minute, you can take advantage of these deductions to lower your taxable income. As you’re preparing for tax season, you may be thinking about all the ways you can maximize your deductions and credits while minimizing your tax liability. If you’re not aware of all the opportunities available to you, you could miss out on significant tax savings. Exploring options like donations, retirement contributions,...