by Logan Creek Creative | Dec 27, 2021 | TAX TIPS
Now is the time to take action on reducing next year’s tax bill. One area to help reduce your tax obligation is leveraging your kids to the fullest by understanding the kiddie tax rules. The term kiddie tax was introduced by the Tax Reform Act of 1986. The rules...
by Logan Creek Creative | Dec 10, 2021 | TAX TIPS
Plan Your 2022 Retirement Contributions As part of your planning for next year, now is the time to review funding your retirement accounts In 2022. With the cost of living calculations and increases in inflation, higher phaseout limits make many more taxpayers...
by Logan Creek Creative | Dec 1, 2021 | TAX TIPS
At the end of the year you will be inundated with commercials to donate a vehicle to charity. While it is one of the biggest contributions a taxpayer can make, if not done carefully, the tax deduction of a donated vehicle could be a lot lower than you think. The rule...
by Logan Creek Creative | Nov 15, 2021 | TAX TIPS
While each retirement plan has similar early withdrawal penalty exemptions, they are not all alike. Knowing these subtle differences within 401(k) plans can help you avoid a 10 percent tax penalty if you take money out of the plan prior to reaching age 59 1/2. This is...
by Logan Creek Creative | Nov 8, 2021 | TAX TIPS, Uncategorized
Is it really the IRS? Four tips to ensure your security Pretending to be an IRS agent is one of the favorite tactics of scam artists, according to the Better Business Bureau. The con artists impersonate the IRS to either intimidate people into making payments over the...
