Newsroom
The Social Security Administration (SSA) recently announced that the "wage base" for computing Social Security tax will increase for 2024 to $168,600. This is up from $160,200 for 2023.
Intangible assets have become increasingly vital to the value of many companies. While their benefits may be obvious to business owners, their tax treatment often isn't. Taxpayers may be surprised by the expansive IRS definition of "intangible asset" and the impact it can have on their tax bills.
Section 529 plans can be a tax-smart way to save for college and other qualified education expenses. Contributions to these plans aren't deductible for federal tax purposes, but earnings and gains accumulate federal-income-tax-free. Then you can take federal-income-tax-free withdrawals to cover…
