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Tax Tip, Year End, Year End Tax Planning, Roth IRAs, 401(k), Income Tax Witholdings, Standard Deduction, Itemized Deduction, Charitable Giving, Roth IRA Conversions, Inflation, General Ana Mendez Tax Tip, Year End, Year End Tax Planning, Roth IRAs, 401(k), Income Tax Witholdings, Standard Deduction, Itemized Deduction, Charitable Giving, Roth IRA Conversions, Inflation, General Ana Mendez

Time for 2022 Year-End Tax Moves

With a few exceptions, year-end tax planning must be completed by this New Year’s Eve. Some notable exceptions include contributions to certain retirement plans such as IRAs and Solo 401(k) plans and also HSA plans. Payments to these plans have various 2023 deadlines.

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Tax Tip, Tax Rate, Income Tax Brackets, Income Tax, Federal Income Tax Rates, Single, Married Filling Jointly, Tax Changes, 2022 Tax Changes, Inflation Impact, Capital Gains Tax Rates, Capital Gains Tax on Real Estate, Roth IRAs, 401(k), Contribution Limits, General, Uncategorized Ana Mendez Tax Tip, Tax Rate, Income Tax Brackets, Income Tax, Federal Income Tax Rates, Single, Married Filling Jointly, Tax Changes, 2022 Tax Changes, Inflation Impact, Capital Gains Tax Rates, Capital Gains Tax on Real Estate, Roth IRAs, 401(k), Contribution Limits, General, Uncategorized Ana Mendez

Knowing Your Tax Rate

When dealing with various financial circumstances such as promotions, benefits, and marriage or divorce, it can be difficult to determine how much in taxes you will owe to the federal government. This article from Kiplinger written by Rocky Mengle serves as a great refresher for understanding taxes which can help you plan for your financial future.

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Tax Tips, Roth IRAs, Retirement, Retirement Planning, Retirement Plan, Bear Market, Traditional IRA, Roth Conversion, Tax Rate, Tax Rate Conversion Ana Mendez Tax Tips, Roth IRAs, Retirement, Retirement Planning, Retirement Plan, Bear Market, Traditional IRA, Roth Conversion, Tax Rate, Tax Rate Conversion Ana Mendez

Fight the Bear Market With a Roth IRA

This week’s article takes a look at an animal investors might prefer to come face to face with in the wild than in the stock market: the bear. One silver lining of a sinking stock market is that it puts Roth IRA conversions on discount. This article provides a highly detailed comparison of the tax implications of traditional IRAs and Roth IRAs so that you can determine if a conversion can help you make the most of this downturn

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