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Multiply Your Net Worth with a SEP IRA or Solo 401(k)

Multiply Your Net Worth with a SEP IRA or Solo 401(k)

How do you multiply your net worth? Let the government help. Here’s how: with both the SEP IRA and the solo 401(k) retirement plans, your investment in your tax-favored retirement • creates tax deductions for the money you invest in the plan, • grows tax-deferred...
Tax Extenders Passed with the COVID-19 Relief Law

Tax Extenders Passed with the COVID-19 Relief Law

The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted on December 27, 2020, deals with the annual tax extenders. Congress made some of them permanent, while others got short- or long-term extensions. These are the big five Form 1040 tax breaks that were...