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Basics of Tax-Efficient Investing

Money Talk

This phrase was designed to encourage investors to buy tax-free municipal bonds that provide a higher after-tax return than higher-yielding taxable bonds. In a more general way, the advertisement was also promoting the concept of tax-efficient investing. no tax for New Jersey residents on a New Jersey-issued bond).

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Do You Know Your Income Tax Rates?

Money Talk

With 2023 tax season well underway, now is a good time to examine income tax rates, which are a percentage of taxpayers’ income that is taxed. income tax system is progressive, which means that taxes take a larger percentage of income from taxpayers with higher taxable incomes.

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Looking Ahead to Your 2024 Tax Return

Money Talk

With the 2023 tax filing deadline in the rear view mirror, now is a good time to look ahead to 2024 taxes that you will owe in April 2025. This post extends that discussion with a description of seven key steps to take to plan for your 2024 tax return due in 2025. 401(k) plan).

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Useful Information “Nuggets” From 2023 Webinars

Money Talk

401(k), 403(b), 457b, and TSP). Tax Uncertainty - The tax code is written in pencil. Income taxes are headed higher in 2026 if Congress does not pass a new tax law and the 2017 Tax Cuts and Jobs Act expires. This change, therefore, aligns workplace Roth account rules with Roth IRA rules.

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How much can a business owner contribute to a 401k? 4 rules to know

Genesis HR Solutions

Small business owners often want to start a 401(k) plan to attract and retain talent, as well as to plan for their own retirement. If you run a small business, at some point you’ve probably found yourself weighing the pros and cons of starting a 401(k) plan. Employee Contribution Limits For 401(k) Plans.

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Time is Running out for IRS ‘Pre-Approved’ 401(k)/Defined Contribution Plan Sponsors to Meet the July 31, 2022 ‘Cycle 3’ Deadline

Benefits Notes

Employers sponsoring 401(k) or other types of defined contribution plans “pre-approved” by the Internal Revenue Service (IRS) should be aware that the restatement deadline is quickly approaching. Failing to timely adopt a Cycle 3 restatement may jeopardize a plan’s favorable tax status.

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Should your company offer a student loan repayment benefit?

Insperity

Households in 2016 – May 2017 from the Federal Reserve, 63 percent of college students ages 18-29 indicated they acquired debt to finance their bachelor’s degree. Student Loan Hero estimates that the average debt for graduating seniors with student loans rose to $39,400 in 2017, up 6 percent from the previous year.

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