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child tax

Advising the Millennial Part V: Taxes for Soon-to-be (and Current!) Parents

Parenthood is an adventure.  It is challenging, exciting, fulfilling and – sometimes – stressful.  This is the second of two articles that address tax issues parents often encounter.  Our first article covered parents’ filing status change, income exclusions, some deductions, household employee requirements, and tax return filing for children.  This article covers tax credits parents…

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parents taxes baby

Advising the Millennial Part IV: Taxes for Soon-to-be (and Current!) Parents

One of the most exciting (and nerve-wracking) times of your life is having a child.  The uncertainty, anxiety and stress associated with planning for that special date can be overwhelming, and then they start to grow up!  Like all the wonderful and challenging moments that come with parenting, there are a variety of tax implications…

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saving for retirement

Advising the Millennial Part III: The Importance of Saving for Retirement

It is never too early to start saving for retirement. There are various options and plans that you can choose from, but the options depend on what is available to you as an individual and employee. Individual: Traditional IRA Contributions provide deductions to reduce your current year taxes. The earnings on the contribution will be…

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wedding rings and calculator

Advising the Millennial Part II: Tax Impacts of Marriage

Marriage can cause significant changes in the amount of taxes you owe. The amount of tax a couple owes at the end of the year may go up or down after getting married, even if their income and deductions remain the same. Here are a few things to consider regarding your taxes after tying the…

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Advising the Millennial Part I: Helpful Advice for Those Entering the Workforce

For millennials, entering the workforce for the first time can seem daunting. Whether you were 100% financially dependent on your parents or having fun in high school/college, things were simpler and easier. The same goes for taxes and financial responsibility. This blog post is for the Millennial who is either about to start their first…

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