Many people are anxious to know when they can begin filing their tax returns for their refunds. As of today, the Internal Revenue Service (IRS) has not released a date yet for returns to begin to be electronically filed (e-filed). Typically, we see electronically filing begin before February 1.

We are three weeks in – are you still on track with your financial resolutions? If not, consider the following TO DO list of items we recommend that you get done early in the year:

January 1st is in the past and we are already a week into 2021. Did you make a New Year’s Resolution that you have already not kept? Or are you still following through with your resolution?

The long-awaited second stimulus package, known as the COVID Relief Bill, has passed. The stimulus package includes individual payments, unemployment benefits, aid for small businesses, assistance against surprise medical bills, rental protections, and food security.

With 2020 quickly coming to an end, there are many changes to make you aware of the 2021 limits.

The United States is known as one of the world’s most giving countries when “something happens.” This something could be a hurricane, flood, fire, or most recently, the pandemic. We certainly appreciate Planning with Purpose clients in supporting our efforts to help Mom’s House over the years. I also know that many of you are […]

We want to continue with our final recommendations of financial tasks you should consider in the next  few weeks or early in the new year to improve your financial future.

Hopefully, you are reviewing accounts for tax harvesting of losses, considering Roth conversions, working to maximize itemized deductions if you are going to itemize, and getting your paperwork organized.

With one year ending and a new one getting ready to start, it is a great time to review your financial TO DO list for the year. Did you miss anything that could help your financial situation or lower your taxes?

Many people who were home during 2020 due to COVID occupied their time doing home repairs and upgrades. Did you do anything that would qualify you to take one of Residential Energy Credits? There are two credits, Residential Energy Efficient Property Credit or Nonbusiness Energy Property Credit.