
Should I Be Worried Earning Too Much Will Bump Me into the Next Tax Bracket?
With tax season in full swing, many taxpayers find themselves scratching their heads over the complexities of the U.S. Federal income tax system. We're going to break down how federal income tax rates apply to a middle-class family earning $250,000 annually, and why earning “too much” isn’t as bad as you think.
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What Trump's Reelection Means for the Tax Cuts and Jobs Act
With former, and now future President Donald Trump back in the White House in January 2025, many are speculating about the future of the Tax Cuts and Jobs Act (TCJA). This significant piece of legislation, passed in 2017, brought about major changes to the U.S. tax system. Let's explore what Trump's reelection could mean for these tax policies.
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Understanding the Difference Between Tax Credits and Tax Deductions
Both major party presidential candidates have discussed changes to some of the benefits American taxpayers receive from the Federal government. Two key concepts related to these campaign promises are tax credits and tax deductions.
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Understanding the Mega Backdoor Roth 401(k)
If you’re a high-income earner looking to maximize your retirement savings, you may have heard of the mega backdoor Roth strategy.
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Taxing Unrealized Gains of the Ultra-Wealthy
In a move that's stirring up debate in both economic and political circles, Vice President Kamala Harris has put forward a provocative tax proposal aimed at the wealthiest Americans. The plan?
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