Jan 5, 2022 | News to Note
From IRS.gov — The Internal Revenue Service on Monday reminded employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax obligation that a payment became of the deferred taxes came due on January 3, 2022. Most affected...
Dec 29, 2021 | News to Note
From gobankingrates.com — By SAM DiSALVO — Worrying so much about how much you’ll owe in taxes that you’ve searched “is the punishment for tax evasion really that bad?” There’s no reason to resort to extremes. Here are a few tax-saving tips for moves you can make to...
Dec 22, 2021 | News to Note
From Pinnacle Wealth Planning Services, Inc. — Many IRA and retirement plan limits are indexed for inflation each year. Although the amount you can contribute to IRAs remains the same in 2022, other key numbers will increase, including how much you can contribute to...
Dec 15, 2021 | News to Note
From Pinnacle Wealth Planning Services, Inc. — Here are some things to consider as you weigh potential tax moves between now and the end of the year. 1. Defer income to next year Consider opportunities to defer income to 2022, particularly if you think you may be in...
Dec 8, 2021 | News to Note
From IRS.gov — The Internal Revenue Service and Security Summit partners warn taxpayers to be wary this holiday season of fake charities, used by scammers to get money as well as sensitive financial and personal information from victims. The IRS used Giving Tuesday,...
