What the Washington State Capital Gains Tax Ruling Means
On March 24, the Washington Supreme Court upheld the state’s capital gains tax as an excise tax, making it legal. The state legislature passed the capital gains tax in 2021, and Governor Jay Inslee signed it into law. The tax enacted a seven percent capital gains tax...
New Tax Rules Mean Changes for Retirement Accounts
The SECURE Act 2.0, passed by Congress in late 2022, features numerous ways for you to save more money in your tax advantaged retirement accounts. Here are several of the bill’s provisions and what they mean for you. Money can continue to grow tax deferred. If you...
It’s Tax Time! Tips to Get Organized
The beginning of a new year means Tax Season is on the horizon. Here are some tips to help get you organized. Look for your tax forms. Forms W-2, 1099, and 1098 will start hitting your inbox or mailbox in the next couple of weeks. If you have not already done so,...
Year-End Tax Cutting Ideas
Yes, there are moves you can make to reduce your taxable income. But the year is quickly coming to a close, so plan accordingly. Tax loss harvesting. If you own stock outside a tax-deferred retirement plan, you can sell your under-performing stocks by December 31 and...
