If you recently got married, you might have spent a lot of time planning a ceremony, reception, or honeymoon. As a newlywed, have you considered how your new life change will affect your taxes this year? Here is a newlywed’s guide to taxes. Name and Address Change Before we get to the obvious changes like […]
Hoping for the Child Tax Credit? Don’t Wait to File
In a recent update, the U.S. House of Representatives has approved a bill that has the potential to grant families significant tax benefits. The aim is to strengthen tax breaks, offering substantial financial support to American households and leading to significant savings. Among the many items addressed in the bill is the expansion of the […]
Tax Tips and Updates for the 2024 Filing Season
Tax season is in full swing. With several filing options and a potentially larger Child Tax Credit to claim, there’s a lot to know before you file. AffordableCEO David King and Lead Tax Attorney Philip Hwang provide a comprehensive guide for the 2024 tax filing season and show you how you can get the […]
Pensions: The General Rule vs. The Simplified Method
Planning for retirement involves making crucial decisions about your finances, one of which includes understanding how to manage your pension. Pension plans often come with various options and methods for distribution, each with its own set of rules and implications. In this article, we’ll delve into taxable income for retirees. We’ll also compare two common […]
How to Choose a Retirement Account
Today, there are millions of people who have a 401(k) or other retirement plan through their workplace. However, there are many others who seek other accounts to fund their retirement years. When looking into retirement accounts, there are several factors to consider, one of the most important of them being taxes. Here are some tips […]