Understanding Taxable Income vs. Earned Income
When it comes to taxes and benefits, it’s essential to understand the difference between taxable income and earned income. Earned income,...
IRS Announces Inflation-Adjusted Tax Brackets For 2025
Each year, the Internal Revenue Service (IRS) adjusts income tax brackets to offset inflation. Since inflation is currently lower than in...
What To Expect When The TCJA Expires
You may be surprised to learn that the 2017 Tax Cuts and Jobs Act (TCJA) for individual taxpayers (also known as the Trump Tax Cuts) was...
2025 Social Security Payroll Tax Limit Increase
The Social Security Administration (SSA) has announced a higher threshold for earnings subject to Social Security payroll taxes. Set by the...
Are You Prepared For Higher Income Taxes In 2026?
No one can predict what the U.S. tax rates will be 20 to 30 years from now but one fact remains: current rates are the lowest they’ve...
75% Of Americans Underestimate Income Taxes In Retirement
According to a 2022 survey conducted by the Senior Citizens League, approximately 75% of Americans approaching retirement seriously...
The Oldest of Generation X Turn Age 59½ in 2024
Gen Xers born in 1965 are the oldest of their cohort with many turning age 59½ in 2024. As you know, this is the age when you can start...
Do You Have A Tax Plan In Place For Retirement?
Once you start taking distributions from your tax-deferred, traditional Thrift Savings Plan (TSP), it can start a domino effect that pushes...
When To Convert Your 401k To A Roth IRA
Who doesn’t love the idea of tax-free income in retirement? With assets in a Roth IRA or Roth 401(k), retirees can enjoy the freedom...
Ultimate Thrift Savings Plan Guide:
The Thrift Savings Plan (TSP) holds a significant position in retirement planning for federal employees and uniformed service members,...
