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college funds

Tax-Smart 529 Education Savings Plans

For many families, a huge concern is finding a way to pay for their children’s college education. Especially, with the climbing cost of higher education. According to the College Board’s Trends in College Pricing and Student Aid 2020 report, the average cost of tuition in 2020-2021 was $37,650 in private colleges, $10,560 at public colleges, and $27,020 at…

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retirement planning

Start Planning for Your Retirement

You can achieve your goals for retirement with proactive planning and wise asset management. Take action sooner rather than later to put yourself in the best position for the future you envision. It’s never too late to start. Begin exploring your retirement options and identify critical issues you should consider when planning. How much do…

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expanded child tax credit

Here’s How the Expanded Child Tax Credit Works for 2021

On March 6th, the Senate voted to pass the 1.9 trillion stimulus plan which includes provisions to make the Child Tax Credit (CTC) available to more families. Millions of American Families could receive advance payments of this credit as early as July. Up to half of the credit could be paid in monthly installments of…

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tax filings

What you need to know about the Earned Income Tax Credit

In December 2020, Congress passed the “Taxpayer Certainty and Disaster Tax Relief Act of 2020,” which allows individuals to use their 2019 earned income instead of their earned income from 2020 to figure their Earned Income Tax Credit (EITC). This new “lookback” tax rule provides relief to the millions of Americans that lost their jobs…

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