Single Taxpayers

Answers to your questions about 2023 limits on individual taxes

2022 Tax Return, 401K, Domestic Workers, Federal Gift Tax, Federal Tax Deductions, FICA, Gift and Estate Tax, Inflation, IRA, Itemized Deduction, Tax Deduction / Douglas Freeman

Many people are more concerned about their 2022 tax bills right now than they are about their 2023 tax situations. That’s understandable because your 2022 individual tax return is due to be filed in 10 weeks (unless you file an extension). However, it’s a good time to familiarize yourself with tax amounts that may have […]

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Make a deductible IRA contribution for 2018. It’s not too late!

401K, AGI (Adjustable Gross Income), Income Tax, Individual Income Tax, IRA, Retirement, Roth IRA, Tax, Tax Planning / Douglas Freeman

Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2018 tax year between now and the tax filing deadline and claim the write-off on your 2018 return. Or you can contribute to a Roth IRA and

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