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What Are the Income Tax Brackets for 2022 vs. 2023?
tax brackets Depending on your taxable income, you can end up in one of seven different federal income tax brackets – each with its own marginal tax rate.
Which States' Taxes Are Going Down
Tax Breaks State lawmakers are cutting income, sales and property taxes to return budget surpluses to residents.
Medical Professionals: It’s Not Too Late to Save on Your Taxes
tax planning If your income rebounded in 2021, consider these four investment and tax-saving moves now. While most of these strategies apply to 2022 and beyond, one could even reduce your tax bill for 2021.
By Jason R. Cross, CFP®, CTFA • Published
No Tax for Donating Leave to Ukraine Victims
Tax Breaks Vacation, sick, or personal leave donated to help victims of the Russian invasion of Ukraine won't be treated as taxable income.
By Rocky Mengle • Published
Are You Maximizing Your Tax-Exempt Bucket?
tax planning Remember the child’s game hide-and- seek? As adults, most of us are still playing it. The difference is this time it’s with the IRS.
By Stephen B. Dunbar III, JD, CLU • Published
5 States With No State Sales Tax
Tax Breaks A handful of states don't impose a sales tax, but that doesn't necessarily make them the best states for low taxes.
By Rocky Mengle • Published
New Mexico Wildfire and Wind Victims Get More Time to Pay Taxes
Tax Breaks Certain tax filing and payment deadlines are extended for residents and businesses impacted by the recent wildfires and straight-line winds in New Mexico.
By Rocky Mengle • Last updated
3 Tax-Efficient Strategies to Help Maximize Your Retirement Income
tax planning Sometimes less income is a good thing! Here are three ways to help control your income in retirement and get a grip on the taxes you’ll pay.
By Neil Fenning • Published
How Taxes Impact Your Wealth Gap
tax planning Taxes are unavoidable, and if you look at their history, they could be on the rise soon. So, use the Internal Revenue Code to reduce your retirement wealth gap.
By Justin Goodbread, CFP®, CEPA, CVGA • Published
Effective Tax Strategies for the Present and Future
tax planning When it comes to taxes, most people are reactive rather than proactive. As a result, they’re probably paying Uncle Sam more than they need to. Here’s how to avoid doing just that.
By Kathleen A. Stewart, AIF® • Published
How Your Retirement Savings and Income Are Taxed
tax planning From 401(k)s (fully taxed!) to Social Security (partially taxed) to Roth IRAs (tax free!) – it’s good to know what kind of tax bills you’ll face in the future. Here’s the tax breakdown on 12 different types of assets.
By Derenda King, CFP®, CSLP® • Published