ConnollySteeleDec 14, 20222 minSelling stock by year-end? Watch out for the wash sale ruleIf you’re thinking about selling stock shares at a loss to offset gains that you’ve realized during 2022, it’s important to watch out for...
ConnollySteeleNov 2, 20222 minHow inflation will affect your 2022 and 2023 tax billsThe effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than you were last...
ConnollySteeleAug 29, 20222 minInflation Reduction Act provisions of interest to small businessesThe Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate, energy...
ConnollySteeleJul 27, 20222 minHow to avoid the early withdrawal tax penalty on IRA distributionsWhen you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early...
ConnollySteeleMay 18, 20222 minIRA charitable donations: An alternative to taxable required distributionsAre you a charitably minded individual who is also taking distributions from a traditional IRA? You may want to consider the tax...
ConnollySteeleMar 2, 20222 minThere still may be time to cut your tax bill with an IRAIf you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there might still be a way to lower it....
ConnollySteeleOct 26, 20213 minThinking about participating in your employer’s 401(k) plan? Here’s how it worksEmployers offer 401(k) plans for many reasons, including to attract and retain talent. These plans help an employee accumulate a...