Tax-saving ways to help pay for college — once your child starts attending
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for...
top of page
The lastest news and advice for your business + personal financial needs.
Search
ConnollySteele
- Sep 27, 2022
- 3 min
Year-end tax planning ideas for individuals
Now that fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next. One of the...
ConnollySteele
- Sep 21, 2022
- 3 min
Don’t forget income taxes when planning your estate
As a result of the current estate tax exemption amount ($12.06 million in 2022), many estates no longer need to be concerned with federal...
ConnollySteele
- Aug 30, 2022
- 3 min
The Inflation Reduction Act: what’s in it for you?
You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions about whether...
ConnollySteele
- Aug 10, 2022
- 3 min
Estimated tax payments: Who owes them and when is the next one due?
If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This...
ConnollySteele
- Aug 2, 2022
- 2 min
Is your withholding adequate? Here’s how to check
When you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so...
ConnollySteele
- Jul 27, 2022
- 2 min
How to avoid the early withdrawal tax penalty on IRA distributions
When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early...
ConnollySteele
- Jul 20, 2022
- 3 min
The kiddie tax: Does it affect your family?
Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income...
ConnollySteele
- Jul 5, 2022
- 3 min
How disability income benefits are taxed
If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key issue is: Who...
ConnollySteele
- Jun 22, 2022
- 2 min
Five tax implications of divorce
Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several tax concerns need to...
ConnollySteele
- Jun 17, 2022
- 0 min
ConnollySteele
- Jun 15, 2022
- 3 min
Your estate plan: Don’t forget about income tax planning
As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal...
ConnollySteele
- May 31, 2022
- 2 min
Calculating corporate estimated tax
The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for...
ConnollySteele
- May 25, 2022
- 2 min
The ins and outs of Series EE savings bond taxation
Many people own Series E and Series EE bonds that were bought many years ago. They may rarely look at them or think about them except on...
ConnollySteele
- May 11, 2022
- 2 min
Caring for an elderly relative? You may be eligible for tax breaks
Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible for tax...
ConnollySteele
- May 9, 2022
- 2 min
Inflation enhances the 2023 amounts for Health Savings Accounts
The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates...
ConnollySteele
- Apr 25, 2022
- 0 min
ConnollySteele
- Apr 20, 2022
- 3 min
Thinking about converting your home into a rental property?
In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing...
ConnollySteele
- Apr 12, 2022
- 2 min
Once you file your tax return, consider these 3 issues
The tax filing deadline for 2021 tax returns is April 18 this year. After your 2021 tax return has been successfully filed with the IRS,...
ConnollySteele
- Apr 6, 2022
- 3 min
Selling mutual fund shares: What are the tax implications?
If you’re an investor in mutual funds or you’re interested in putting some money into them, you’re not alone. According to the Investment...
Stay up to date on financial industry news and trends,
as well as getting an inside look into what is
happening at Connolly Steele + Co.
1010 ohio river boulevard
pittsburgh, pa 15202
o: 412.761.9180
f: 412.761.9211
©2022 Connolly Steele & Company, P.C. All Rights Reserved.
bottom of page