By Chelsi Balfour
The New Year provides a fresh start and the ability to make better decisions than years prior. Towards that end, we have provided a few important tax planning items below that we believe you should review at the start of 2023.
By Chelsi Balfour
Passing of SECURE Act 2.0 Pushes Back RMD Age (and other items to note)! On December 29, 2022, President Biden signed the SECURE 2.0 Act of 2022 (“SECURE 2.0”) as part of the Consolidated Appropriations Act of 2023. The law includes a provision that increases the starting age for RMDs to 73 …
By Chelsi Balfour
Thanks for Sticking Around! We are Thrilled You Did! At Taylor Financial Group, our sole focus is on our clients and providing an amazing client experience to all of you. Indeed, we are proud to say that in 2022 we welcomed 25 new clients and had 99% customer retention. Over 36% of our clie …
By Chelsi Balfour
If you have a Traditional IRA, you may benefit from doing a Roth conversion this year (and if you already performed a conversion this year, you still have time to do an additional conversion before year end). We typically favor Roth IRAs (over Traditional IRA balances) as Roth IRAs grow tax …
By Chelsi Balfour
The deadline for filing is December 30th, 2022. More than three million residents are eligible for up to $1,500 in property tax relief under the ANCHOR program. To be eligible for this year’s benefit, you must have occupied your primary residence on October 1st, 2019. You must also fi …
