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  • February 2024
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How to Get the Biggest Tax Break for Buying an EV: A guide on the changing rules for federal tax credits for buying electric vehicles and home chargers

The toughest roads to navigate in an electric vehicle may be the forking paths of the tax code. EV buyers can get up to $7,500 in tax savings right at the dealership, under changes to the law that went into effect Jan. 1. By contrast those who drove an EV off the lot last year…

Little Known Tax Credits for Business Owners: Nurturing a community, fostering growth and making a positive impact

As a small business owner, your employees are the heart and soul of your organization. Many entrepreneurs understand the importance of a diverse, inclusive workforce and the benefits it brings, not just to the business, but to the community at large. Your commitment to hiring practices that uplift veterans, marginalized communities, and those facing barriers…

What the 2023-24 Tax Brackets and Income-Tax Rates Mean for Your Money: A guide to understanding your federal income-tax rate

Your tax bill is largely determined by tax brackets. These are really just ranges of taxable income. As your taxable income moves up this ladder, each layer gets taxed at progressively higher rates. How do tax brackets work? A single person with $140,000 in taxable income in 2024 would be in the 24% tax bracket.…

Tips to Navigate Tax Filing Season and the IRS: Be proactive and follow these steps to ensure accuracy and compliance

Tax filing season can be a stressful time for many individuals. Dealing with the IRS and ensuring compliance with tax regulations can seem daunting. However, with proper preparation and a proactive approach, you can navigate the tax filing season with confidence. Here are a few valuable tips to help you effectively deal with the IRS…

IRS Announces New 2024 Income Tax Brackets: Your advisor can help leverage these changes to impact your tax liabilities

It is crucial for individuals to engage in strategic tax planning with their financial advisors, particularly considering the upcoming changes to the standard deduction and tax brackets for the year 2024. These modifications, affecting filers who do not itemize their deductions, will only be reflected in the tax returns filed in early 2025. The Internal…

5 money lessons you can learn from Martin Luther King Jr.

Source: Facet Martin Luther King Jr. Day falls on Monday, January 15 this year. It’s more than a day off from work; it’s a vital reminder of our country’s history and how it has shaped us into the nation we are today. This day honors the fact that no matter how much struggle and hardship…

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