Time for a Checkup – Are you withholding enough for your taxes?

With all the changes last year, now is a great time to conduct a tax checkup, especially since their is still time to make adjustments. As we enter mid-year, it's a good time to check your tax withholdings to ensure you haven't been paying too much or too little. This is especially true if your …

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Borrowing Money from Your 401(k) – Good idea? …not so much

Considering loaning yourself money from your retirement account? Read this first! For years you have put away money from your pay into your employer provided 401(k) retirement savings account. Your employer may have even matched 50% of your contribution. Now you want to take some of this money out in the form of a loan …

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Advanced Child Tax Credit Payments Staring NOW! What everyone should know

Advance Child Tax Credit payments in July. This could be great. It could also create a mess for your family when filing taxes at the end of the year. Here is what you need to know. The American Rescue plan signed in March, 2021 requires the IRS to pay out ½ of enhanced Child Tax …

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Reminder: Second Quarter Estimated Taxes Are Due

Now is the time to make your estimated tax payment Reminder: Second quarter estimated taxes are due Tuesday, June 15th. If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The second quarter due date is now here. Due …

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