by Logan Creek Creative | Jul 25, 2022 | TAX TIPS
New contribution limits are on the horizon Contribution limits for the ever-popular health savings account (HSA) are set for 2023. The new limits are outlined here with current year amounts noted for comparison. So plan now for your 2023 contributions. What is an HSA?...
by Logan Creek Creative | Jul 8, 2022 | TAX TIPS
One of the basics when considering how to fund your retirement is to be as tax efficient with your income as possible. In 2022, income tax rates range from 0 to 37 percent, plus a potential 3.8 percent net investment tax. Understanding how these progressive tax rates...
by Logan Creek Creative | Jul 5, 2022 | TAX TIPS
IRS Announces NEW 2022 Mileage Rates New rates begin in July In a recent announcement, the IRS raised the standard mileage rates for travel beginning in July, 2022. Use the previously announced mileage rates for qualified travel in the first half of the year. Use the...
by Logan Creek Creative | Jun 27, 2022 | TAX TIPS
Want money when you retire? Here are some tips. Here are five common retirement planning ideas and what you can do to take advantage of them. The key is retirement planning starts now, not decades from now when you are reaching retirement age. 1. Having a plan...
by Logan Creek Creative | Jun 21, 2022 | TAX TIPS
I’m Being Audited by the IRS! Less than 1% of more than 145 million individual tax returns filed during 2021 will be selected for audit. The percentage increases for higher income taxpayers, along with tax returns in areas of specific interest to the IRS....
by Logan Creek Creative | Jun 7, 2022 | TAX TIPS
What everyone should know Small business owners have a number of options on how to organize their business for tax purposes. And if you sell items on eBay or Esty, drive for Uber, or offer your services as a writer or programmer, you are probably considered a...
