EG Tax Blog
Tax Tip
People are always looking for loopholes. One of the very best is using your company’s pension plan to your best interest. You can contribute up to $23,000 if you are under the age of 50 or $30,500 if you are 50 or older. The pension grows tax deferred until withdrawn plus it saves you tax dollar…
Tax Tip
If you bought an electric car in 2023 go to IRS.gov to see if you car qualifies and to see how much your Electric Car is going to save you on your tax return. But remember this is a non-refundable credit and it does not carry over to 2024. Listen every Saturday at 3pm on WBEN or www.wben.com for…
Weekly Tax Tip 12/18/23
If your self-employed and haven’t started your books, do it now instead of later! The longer you wait the more money it could cost you in taxes.
Listen every Saturday at 3pm on WBEN or www.wben.com for our live tax show
Weekly Tax Tip Dec 11, 2023
Do you know what a QCD is…That’s when you are age 73 or higher and move money from your IRA directly to charities and not get taxed on that money and it could even reduce the amount of taxable Social Security or the cost of your Medicare Insurance.
Listen every Saturday at 3pm on WBEN or www.wb…
Tax Tip
Do you know what a QCD is…That’s when you are age 73 or higher and move money from your IRA directly to charities and not get taxed on that money and it could even reduce the amount of taxable Social Security or the cost of your Medicare Insurance. Listen every Saturday at 3pm on WBEN or www.w…
Weekly Tax Tip Dec 4, 2023
If you are retired and have low income, don’t leave tax free income on the table. You could be missing out on tax free money of $1,000 up to $20,000 depending on filing status and age. Plan your distributions from your IRA and 401k accordingly.
Listen every Saturday at 3pm on WBEN or www.wben.com…
Tax Tip
If you are retired and have low income, don’t leave tax free income on the table. You could be missing out on tax free money of $1,000 up to $20,000 depending on filing status and age. Plan your distributions from your IRA and 401k accordingly. Listen every Saturday at 3pm on WBEN or www.wben.co…
Weekly Tax Tip November 27th 2023
Are you investing in Crypto Currency? If you sell or exchange Crypto that is a taxable transaction and needs to be reported on Form 8949/Schedule D.
Listen every Saturday at 3pm on WBEN or www.wben.com for our live tax show.
Weekly Tax Tip November 20th 2023
If you use Venmo or any similar cash apps on a regular basis where you received more than $600, you will receive a 1099K this year and it is up to you to allocate it as personal, business, or rental. Start allocating your transactions now.
Listen every Saturday at 3pm on WBEN or www.wben.com for …