2023 IRA and Pension Plan Limitations
The 2023 IRA and pension plan limitations have been announced. Below are some of the more common amounts for 2023:
The defined benefit plan l...
Social Security Benefit Amounts for 2023
The Social Security Administration has announced the Social Security indexed amounts for 2023. The gross Social Security benefit amounts are increasin...
Filing Taxes as a US Expat
Have you lately migrated to another country for business? If you answered yes, you are now officially a US expat. Living overseas for professional rea...
Checking Accounts vs Savings Accounts
Many young adults in the United States open a bank account without understanding what it entails. They don't use the services they paid for; instead, ...
What is Joint Tenancy?
A professional and legal term for an arrangement between two or more people who own property together is joint tenancy. All property owners have the s...
Personal Property Tax
Almost everything in America is subject to taxation. It's as though you can never get away from the government. If you don't pay your taxes, they'll c...
The Benefits of a 403(b) Retirement Plan
Setting money aside for retirement is always a good idea; it is the wisest decision you can make for your future. Many Americans ignore all of these r...
401(k) Plans: The Complete Beginner’s Guide
What is a 401(k) Plan?
A 401(k) plan is a type of retirement savings account that is primarily offered by employers to their workers. The 401(k) pl...
Changes to Inherited IRA Rules: New Vs. Old Rules
You can inherit a decedent's IRAs in the same way that you can inherit their property. If a relative, friend, or spouse died before withdrawing funds ...
How to Know If I am Exempt from Federal Tax Withholding?
Many Americans worry about whether they are eligible for a federal income tax exemption or if they must pay. Don't worry, your Miami Tax Accountants, ...