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68 Jobs Eligible For New “No Tax On Tips” Deduction

68 Jobs Eligible For New “No Tax On Tips” Deduction

The Treasury Department has released a list of 68 occupations that will qualify for the new “no tax on tips” deduction.The deduction allows up to $25,000 per year and applies to tip wages reported on W‑2, 1099 or Form 4137.Phase‑out begins for households earning more...

The Smart Way Parents Can Save for College and Retirement Together

The Smart Way Parents Can Save for College and Retirement Together

529 plans provide tax advantages for college savings, but parents should not prioritize them at the expense of retirement security.Families should use a “Y.E.S.” order of operations: secure retirement first, then invest in education savings, and balance with other...