Posts Tagged ‘Taxes’

2017 e-Pocket Tax Tables

Wednesday, February 1st, 2017

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The Trump & Clinton Tax Plans

Tuesday, August 30th, 2016

Seemingly every presidential candidate offers a plan for tax reform. You can add Donald Trump and Hillary Clinton to that long list. Here is a look at their plans, and the key reforms to federal tax law that might result if they were enacted. Donald Trump revised his tax...

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When Is Social Security Income Taxable?

Wednesday, August 24th, 2016

Your Social Security income could be taxed. That may seem unfair, or unfathomable. Regardless of how you feel about it, it is a possibility. Seniors have had to contend with this possibility since 1984. Social Security benefits became taxable above certain yearly income thresholds in that year. Frustratingly for...

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Should You File Jointly, Or Not?

Tuesday, February 23rd, 2016

For many married couples, filing jointly is a good idea, but there are exceptions. Ninety-five percent of married couples file joint federal tax returns. Filing jointly can be convenient. Frequently, there’s a financial advantage, but that does not mean it should be done without consideration.1 Years ago, there was...

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Your Annual Financial To-Do List

Tuesday, November 24th, 2015

What financial, business or life priorities do you need to address for 2016? Now is a good time to think about the investing, saving or budgeting methods you could employ toward specific objectives. Some year-end financial moves may help you pursue those goals as well. What can you do...

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The End of File & Suspend for Married Couples

Wednesday, November 18th, 2015

Congress just changed the Social Security benefit rules. On October 30, Capitol Hill lawmakers approved a two-year federal budget deal. As part of that agreement, they authorized the most significant change to Social Security policy seen in this century, disallowing two popular strategies people have used to try and...

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Fall Financial Reminders

Wednesday, November 11th, 2015

As every calendar year ends, the window slowly closes on some notable financial deadlines and opportunities. Here are several to keep in mind before 2016 arrives. Don’t forget that IRA RMD. If you are older than age 70½ and own one or more traditional IRAs, you have to take...

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Managing Retirement Concerns

Wednesday, June 11th, 2014

By Mark Jensen, Associate Clients often come to us at Washington Financial Group because they are trying to manage retirement concerns. This is certainly understandable because so many others struggle with this same issue. So in order to address this subject and help others, I decided to write this...

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Can I Deduct My IRA Contribution if I Don’t Have a 401(k) at Work?

Wednesday, April 2nd, 2014

By Mark Jensen, Associate The other day I was speaking with a client and they asked me the following question… can I deduct my IRA contribution if I don’t have a 401k at work?  So, in order to address this subject and help others, I decided to write this blog...

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