Required Minimum Distributions (RMDs) are a key part of retirement planning but can be confusing, especially with recent changes under the SECURE 2.0 Act. Avoiding these common mistakes can help you save money and avoid penalties.
Health Savings Accounts (HSAs) are a popular tool for managing health care costs, but the rules can get tricky when Medicare comes into play. Here are answers to three common questions about how HSAs interact with Medicare enrollment.
Many Millennials carry the burden of student loan debt and are determined to prevent their kids from facing the same challenges. However, this concern often leads parents to prioritize saving for their children’s education over their own retirement, which financial planners warn can lead to regrets later.
Secure your tax return with an IRS IP PIN. Prevent identity theft by enrolling today for added protection in 2025.
The IRS encourages taxpayers to get an IP PIN and establish their IRS Online Account. These tools help guard against fraudsters trying to steal personal and financial information.
What is Tax Professional Awareness Week? A week of educational initiatives equips tax professionals with the tools and information they need before filing season to help them prepare accurate returns. The event is designed to empower tax professionals with updated
We are pleased to announce that effective January 1, 2024, we have changed our name from BLSR to Balsamo, Lutters, Renna and Rosensteel, P.A.
The IRS announced inflation adjustments for over 60 tax provisions in 2024, including standard deductions for married and single individuals.
The Social Security Administration (SSA) announced on Thursday, October 12, that the 2024 social security wage base will be $168,600, which is an increase of $8,400 from $160,200 in 2023 (view the SSA Fact Sheet). As in prior years, there
IRS announces sweeping effort to restore fairness to tax system with Inflation Reduction Act funding; new compliance efforts focused on increasing scrutiny on high-income, partnerships, corporations and promoters abusing tax rules on the books