Major legislation affecting government spending and the tax code passed Congress and was signed into law over the July 4th weekend. Much of the surrounding news coverage and commentary may lead our...
Learn MoreKEY TAKEAWAYS The NJBEST 529 plan now offers a state tax break for contributions. Despite higher fees, the NJBEST 529 plan may be a good option for New Jersey residents with moderate to who are looking for a...
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KEY TAKEAWAYS Secure Act 2.0 includes over 90 changes to retirement savings plans so at least one, if not more, change will impact you. WJL feels the four changes most impactful to our audience are: increased...
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Comments Off on Will the 2023 Tax Bracket Inflation Increases Really Save You Money?
KEY TAKEAWAYS Almost all income thresholds and deduction amounts are increasing by 7% based on Chained CPI for the 2023 filing year. Despite the increase in tax income thresholds due to inflation, you may...
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Comments Off on Have $1M More in Retirement with Proper Bond Location
KEY TAKEAWAYS The goal of asset location is to reduce the total tax paid over your lifetime and maximize realized returns.Bond income is taxed at a higher ordinary income tax rate. Stock gains are taxed...
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KEY TAKEAWAYS The goal of tax planning is to reduce total tax paid over your lifetime.Tax preparation done by prepares will only have the goal of reducing taxes in the current year. Very few preparers talk...
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