Tax Tips for Marriage Status Changes

The IRS generally considers whether you’re married, separated but not legally separated, or divorced at the end of the year. Marriage status is important in filing taxes; it not only determines filing requirements but also standard deductions, eligibility for certain credits and taxes as well. In fact, you may have to deal with multiple government […]

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Feds Make Retirement Dollars Available In Disasters

The IRS has sent out a notice explaining how the SECURE 2.0 Act makes it easier for qualified individuals impacted by a federally declared major disaster to access their retirement savings. Who is eligible? A taxpayer may be eligible for relief that provides for expanded access to their retirement funds if their principal residence was […]

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