Money Today That Matters Tomorrow
On November 15th, 2021, President Biden signed a $1 trillion infrastructure bill into law. Officially named the Infrastructure Investment and Jobs Act, this bill contains a wide variety of measures intended to stimulate the economy, make improvements to the infrastructure system (think transportation systems, telecommunications networks, utilities, etc.), and provide …
The president’s infrastructure bill has now been signed into law. While the focus is on hard infrastructure, there are various provisions added into the bill that has taxation impacts on cryptocurrency investors in the United States. These provisions were included to cover some of the costs of all the infrastructure …
As many home owners have discovered, Homeowner’s insurance premiums are becoming more and more expensive. This article covers some of the causes for its increase and which factors play the largest role in determining the price of premiums. Most importantly, we will also cover ways you can offset the cost …
The IRS has released the latest 401(k), IRA and Roth limits for 2022, including income qualification and phase-out thresholds. See the tables below for limits and changes over the last few years. Main changes include: 401(k), 403(b), TSP and most 457 plans pre-tax contribution limits have increased to $20,500, up …
Wherever you stand on the COVID-19 vaccination debate, there is little doubt that after January 4th the updated White House Guidelines around mandatory vaccinations will hit unvaccinated workers personal finances -whether they stay with their employer or quit. With more than 745,000 Americans having died from COVID and over 70,000 …
The Great Resignation – a term coined by the media and financial markets alike to indicate one of the largest employment resignations in the history of the United States. A term that is thrown around more and more often as it becomes increasingly evident that a large part of the …
As the world gets back to a new normal after countless months of pandemic induced change many working professionals are finding it difficult in adjusting back to the way things used to be. In particular going into the office on a regular basis while trying to balance personal/life commitments has …
Under Biden’s Build Back Better spending plan the current expanded Child Tax Credit will be extended for another year, bringing the total amount paid over 2 years to a maximum of $7,200. The current expanded CTC is a refundable credit, being partially paid in advance in 2021. The rest is …
As the calendar year comes to a close, investors are looking to diversify their portfolios and identify what to invest in next. With cryptocurrencies reaching historic highs, the real estate market surging, and an overall stock market pushing forward, we might just end one of the best performing years for …
Per the federal tax code the IRS is required to adjust dozens of tax related items for inflation. Given the specter of rising inflation as evidenced in the recent 5.9% COLA increase for 2022, most are expecting the IRS to announce significant increases to federal tax bracket ranges and standard …
The 2021 tax year will be quite different from 2020 given the number changes made by Congress. These will likely have an impact on you due to the scale of updates, tax credits, deduction extensions, and expiring provisions related to Covid-19 response legislation. This article will cover some of the …
The SSA released the final figure for the 2022 COLA increase which affects nearly 70 million Americans collecting social security and SSI benefits. The 2022 raise was 5.9%, which translates to an extra $92 in retirees’ average monthly benefit next year. It was nearly 5 times last years increase. The …
Its been a frustrating time for millions of Americans still waiting for their tax return to be processed so that they can get their much needed refund payments. The IRS guidelines state that 9 out of 10 returns should be processed within 21 days but as many tax payers have …
Most people dream of living a comfortable life without worrying about money. Though many people see this as lofty dreaming about yachts and summer homes, more and more people are turning these ideas into an achievable reality and gaining financial independence at a staggering rate. Financial independence means that you’re …