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Eric Martin
May 12, 20223 min read
Thinking About a Roth Conversion? Beware of the Pro-rata Rule.
Having money in a Roth IRA can be very beneficial. After all, no one ever complains about being able to draw out tax-free money. Getting...
53 views
Eric Martin
Jan 13, 20223 min read
How to Make Filing Your Taxes Easier
Most people don't really enjoy filing their taxes. Even if you are getting a nice refund, the actual act of gathering all your...
15 views
Eric Martin
Dec 9, 20212 min read
Charitable Donations Have an Extended Tax Benefit for 2021
Generally, if a taxpayer doesn't itemize their tax deductions, any charitable donations do not count against their income. However, the...
13 views
Eric Martin
Nov 19, 20212 min read
2022 Retirement Contribution Limits and Income Limits
It's hard to believe it's almost 2022. Yet here we are. To help prepare for another year's decisions, and in particular our financial...
21 views
Eric Martin
Oct 13, 20214 min read
Use Your HSA for More Than Just a Health Savings Account
Utilizing every avenue that is available to capitalize on tax savings is always on people's minds (at least during tax filing season) and...
14 views
Eric Martin
Sep 29, 20213 min read
Don't Leave Free Money on the Table
Saving money can be a hard habit to start. We all want to save more, but the cost of living these days can make it difficult to be sure....
15 views
Eric Martin
Sep 2, 20213 min read
How to Put Your Money in a Roth IRA Through the "Backdoor"
If you make too much money to contribute to a Roth IRA directly, there are still ways to move money into a Roth through a strategy called...
24 views
Eric Martin
Jun 23, 20213 min read
Monthly Child Tax Credit Payments Are Starting Next Month. Here's Why Some Might Want To Unenroll.
The American Rescue Plan, signed and put into action on March 11th, 2021, gave some extended relief to many that were still in desperate...
24 views
Eric Martin
Feb 10, 20212 min read
Gross Income To Taxable Income. What Is The Difference, And What Factors Are Involved?
We admit financial terminology can be complicated and confusing. Taxes are a perfect example. There are books upon books of rules and...
36 views
Eric Martin
Jan 27, 20213 min read
Are Expenses Paid With PPP Loans Still Deductible?
This last year has brought on so many changes and unknowns, and has taken a toll on our emotions. People have been out of their comfort...
14 views
Eric Martin
Jan 20, 20213 min read
I Started Working From Home. Can I Claim The Home Office Deduction?
With more people than ever working from home, many want to claim their expenses for setting up an office space within their home. The...
22 views
Eric Martin
Jan 13, 20214 min read
Three Commonly Asked Questions About The Upcoming Tax Season
It's hard to believe that another tax season is upon us. In the coming weeks, 2020 tax returns are going to start getting filed. Are you...
22 views
Eric Martin
Jan 6, 20213 min read
Is Your Distribution From Your Retirement Plan Taxable? Yes...But For 2020 Maybe Not.
Unfortunately this last year has caused many hardships and frustrations for many people. Some have had their hours at work severely...
27 views
Eric Martin
Dec 8, 20203 min read
Tax-Loss Harvesting
As this crazy and unforgettable year comes to a close, it's time to start thinking about ways to save on the 2020 tax bill. As was...
16 views
Eric Martin
Nov 25, 20203 min read
The Potential Tax Savings From Maxing Out A Traditional IRA
When tax time rolls around, one of the most asked questions we get is: "What can I do to pay less in taxes?" At the time of actual tax...
21 views
Eric Martin
Nov 18, 20203 min read
What Is $6,000 Invested In An Ira In January 2020 Worth Now?
Investors have seen some major swings in their account balances over the course of 2020. Now that the year is coming to an end, let's...
17 views
Eric Martin
Aug 6, 20203 min read
Finance Shminance Presents: A Commonly Misinterpreted Tax Deduction
A Commonly Misinterpreted Tax Deduction Who doesn’t love tax season!? Oh that’s right, no one does! Except the government maybe, or a...
109 views
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