by Logan Creek Creative | May 19, 2023 | TAX TIPS
Beginning in 2023 there is a new way to save money for college that won’t impact your student’s ability to qualify for financial aid. This change is in the 529 college saving program and is a change that every parent, grandparent, or friend of a future scholar...
by Logan Creek Creative | May 16, 2023 | TAX TIPS
Whether you receive a big refund or pay your taxes on tax day, taking action now can ensure next year’s tax bill is optimized by not paying a dollar more than necessary. Update paycheck withholdings and forecast estimated tax payments. Reviewing and updating...
by Logan Creek Creative | May 8, 2023 | TAX TIPS
As a busy working parent, you may be concerned about what activities are available for your kids this summer. There may be a solution that’s also a tax break: summer camp! Using the Child and Dependent Care Credit, you can be reimbursed for part of the cost of...
by Logan Creek Creative | Apr 28, 2023 | TAX TIPS
Your kids are getting older. Before you know it they’ll be dating, driving and entering college (if they aren’t already!). Tax breaks drop dramatically as your children grow up, but you may be able to offset the losses with some timely tax planning. Consider the...
by Logan Creek Creative | Apr 24, 2023 | TAX TIPS
Put Your Tax Refund to Good Use Three-fourths of filers get a tax refund every year, with the average check weighing in at $2,972* so far this tax season. Here are some ideas to put that money to good use: Pay off debt. Part (or all!) of your refund could be used to...
by Logan Creek Creative | Mar 31, 2023 | TAX TIPS
Understanding the Gift Giving Tax Excess gift giving could cause a tax surprise Tip Category: Planning In an effort to keep taxpayers from transferring wealth from one generation to the next tax-free, there are specific limits to the amount of gifts one may give to...
