Inflation Reduction Act

One of the provisions of the Inflation Reduction Act signed into law by President Biden creates a 15% minimum tax on Corporations that generate revenue of $1B or more. Below…

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529 College Savings Plan

Great news on the horizon for grandparents who contribute to 529 college savings plans for their grandchildren. These payments will no longer reduce financial aid potential. This is great news.…

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Taxes on your IRA

The assumption is that you will be in a lower tax bracket when you retire. For many that may not necessarily be the case. Great article to review. Also, it…

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Backlog Update

We had posted on January 28th that the IRS had a backlog of approximately 8 million tax returns for 2020 (filing period 2021). Well it looks like its far more…

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