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Monthly Archives: February 2023
Update on Roth IRAs and Roth 401(k)s
The $1.7 trillion federal spending bill signed by President Biden in December includes several changes to retirement plans. Among them are changes to both Roth IRAs and Roth 401(k)s, including an opportunity to move leftover money in a 529 college … Continue reading
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Small Business Expense Deductions
Small business owners can take deductions for a number of expenses that the IRS considers “ordinary and necessary” to conducting a business. Below are some deductions that are sometimes overlooked, that may lower your taxable income and reduce your tax … Continue reading
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