Year-End Tax Cutting Moves to Consider
Here are moves you can make to reduce your taxable income. But the year is quickly coming to a close, so plan accordingly. Max out pre-tax retirement savings. The deadline to contribute to a 401(k) plan to get a 2023 taxable income reduction is December 31st. So...Oregon Paid Leave
Effective January 1, 2023 employers were required to start making contributions to the Paid Leave Oregon fund. The law applies to both public and private employers with one or more employees, and self-employed individuals may opt in for coverage. Employers with less...Washington Capital Gains Tax
The Washington 7% tax on capital gains in excess of $250,000 went into effect January 1, 2022. This tax will generally be imposed on Washington residents but could also apply to nonresidents with transactions occurring in Washington, and individuals with ownership of...
Tax Planning: Now More Important Than Ever
Thankfully it’s not too late to try and minimize your taxes for 2023. If you haven’t scheduled a tax planning session, now is a great time to do so. Here’s how a tax planning session can potentially help your situation: It can make a difference. This is...
