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Tax-favored ways to build up a college fund

Tax-favored ways to build up a college fund

If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and other higher education costs. You want to take maximum advantage of tax benefits to minimize your expenses. Here are some possible options. Savings bonds...

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Retiring soon? 4 tax issues you may face

Retiring soon? 4 tax issues you may face

If you’re getting ready to retire, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and financial issues you may deal with when you retire: Taking required minimum...

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2021 – 06/02

2021 – 06/02

The Ohio Dept. of Taxation recently issued a tax alert with guidance related to the federal deduction for unemployment benefits for tax year 2020. The department has added instructions from that alert to an FAQ on its COVID-19 tax relief webpage. The FAQ focuses on...

read more
Plan ahead for the 3.8% Net Investment Income Tax

Plan ahead for the 3.8% Net Investment Income Tax

High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there are some steps you may be able to take to reduce its impact. The NIIT applies to you only if modified adjusted gross income (MAGI)...

read more
Tax-favored ways to build up a college fund

Tax-favored ways to build up a college fund

If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and other higher education costs. You want to take maximum advantage of tax benefits to minimize your expenses. Here are some possible options. Savings bonds...

read more
Retiring soon? 4 tax issues you may face

Retiring soon? 4 tax issues you may face

If you’re getting ready to retire, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and financial issues you may deal with when you retire: Taking required minimum...

read more
2021 – 06/02

2021 – 06/02

The Ohio Dept. of Taxation recently issued a tax alert with guidance related to the federal deduction for unemployment benefits for tax year 2020. The department has added instructions from that alert to an FAQ on its COVID-19 tax relief webpage. The FAQ focuses on...

read more
Plan ahead for the 3.8% Net Investment Income Tax

Plan ahead for the 3.8% Net Investment Income Tax

High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there are some steps you may be able to take to reduce its impact. The NIIT applies to you only if modified adjusted gross income (MAGI)...

read more

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