The Planned Solutions, Inc. Blog is your one stop shop for all your financial planning advice and news to keep you up to date with your financial goals. If you would like to subscribe to our email newsletter which includes blog posts plus extra announcements, please email Katie@plannedsolutions.com.
Wednesday, February 7, 2024
The IRS charitable contribution rules are complex. Given the rules around charitable donations, it is advisable that taxpayers consult a tax expert before making charitable donations to make sure they are able to claim the maximum benefit.
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Wednesday, January 17, 2024
The new electric vehicle tax credits offer taxpayers up to $7,500 in tax savings. However, this credit is very complicated when it comes to determining which vehicles will qualify for the credit.
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Tuesday, December 19, 2023
The Health Savings Account (HSA) contribution limits will increase from $3,850 to $4,150 for self-only coverage and from $7,750 to $8,300 for family coverage in 2024.
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Wednesday, November 29, 2023
The amount that an individual can gift to another individual in a given tax year without owing gift taxes, or being required to file a gift tax return, will increase from $17,000 to $18,000 in 2024.
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Friday, November 17, 2023
Contributions to traditional 401k type plans will now provide a benefit on the Free Application for Federal Student Aid (FAFSA).
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