Did you know that the state of Georgia will be able to collect more than $600K in tax obligations from all of the active Tampa Bay Buccaneers players? What's even better is, state tax contributions are used to fund Georgia's public services! We're talking about education, healthcare, transportation and more! link to blog in bio.
Individual Retirement Accounts are a straightforward, easily accessible way to cut your taxes the same way the 401(k) does. But they do have strict rules.
If neither you nor your spouse participate in a workplace #retirement plan, then you can contribute $5,500 ($6,500 if you’re 50 or older) to an #IRA and wham, take that off your #taxable#income – even if you don’t itemize deductions.
If you or your spouse do have a plan at work, your deduction might be limited. It depends on your income.
0 101:10 PM Aug 18, 2018
During February, we shared six facts we all should know about the future of Social Security.
However, after discovering a paper from Penn/Wharton, I decided I better add another six.
Read today's econlife blog: Six More Facts We Need To Know About Social Security >>
You may have heard the warning to never borrow from your retirement fund. However, there may come a time when a financial crisis forces you to do just that. If you absolutely must borrow from your 401k, AMI wants you to consider the following. #FinancialPlanning#Borrowing#401k#TaxableIncome#WeHaveYouCovered www.AMInsuranceGroup.com
Tax Tuesday❗️Paid Family Leave also known as PFL over the next few years. Many taxpayers ask if they should report this income on their tax return and the answer is YES‼️ These benefits are taxable therefore reportable on you income tax return. You should receive form 1099G regarding benefits paid out and taxes paid.