Investors with earned income can fund a Roth IRA for up to $6,000 annually. Investors age 50 and older can fund an additional $1,000 with a ‘Catch-up” contribution for a total of $7,000 annually. Earned income is from working as…
Investors with earned income can fund a Roth IRA for up to $6,000 annually. Investors age 50 and older can fund an additional $1,000 with a ‘Catch-up” contribution for a total of $7,000 annually. Earned income is from working as…
A Roth Conversion is when you take a distribution from an IRA, tax it and rollover the proceeds within 60 days into a Roth IRA. In lieu of getting a check, have the funds sent from the IRA to the…
In December, 2017 President Trump signed the new tax bill. This is known as the Tax Cuts and Jobs Act (TCJA). What received a lot of attention in the media was the tax cuts for individuals. For Connecticut taxpayers, check…
1. Know the Tax Law Changes In December 2017 President Trump signed the new tax bill. This new law is known as the Tax Cuts and Jobs Act (TCJA). Much of the discussion surrounding the TCJA is tax cuts…
1) Decrease in Income Tax Rates The 2018 income tax rates are as follows: Single Married Filing Joint…