by Mike Kramer | Dec 7, 2023 | Moceri Minute
Moceri Minute Use your annual gift tax exclusion before the end of the year. You can give each person up to $17,000 this year, $34,000 if you are married without paying a gift tax, filing a gift tax return, or tapping into your lifetime estate and gift tax...
by Mike Kramer | Oct 26, 2023 | Moceri Minute
Moceri Minute 529 Savings Plans were created by Congress in 1996. There are two types of 529 plans, a tuition prepayment plan and a savings (really an investment) plan to which you contribute money to be used later to pay for a student’s qualified education...
by Mike Kramer | Oct 12, 2023 | Moceri Minute
Moceri Minute The Limited Learning Tax Credit (LLC) can be claimed in connection with student currently enrolled in college. The LLC is worth up to $2,000 credit per federal tax return, not per student. This credit can reduce your tax, but is not...
by Mike Kramer | Sep 21, 2023 | Moceri Minute
Moceri Minute If you have not filed your 2022 personal income tax return yet, please gather your information and send it to our office as soon as possible. The final day to file your return is October 16, 2023.
by Mike Kramer | Sep 19, 2023 | Moceri Minute
Moceri Minute Student Loan Interest Tax Deduction. If you are paying on a student loan, you can deduct up to $2,500 of student loan interest paid each year. This deduction is phased out based on your earnings. But the good news is that you don’t have to...
by Mike Kramer | Aug 24, 2023 | Moceri Minute
Moceri Minute Did you unexpectedly owe money to the IRS when you filed your 2022 income tax return? Was your refund larger or smaller than what you expected? You are not alone, according to the IRS. For 2022 income tax returns the average refund was down...
by Mike Kramer | Jul 10, 2023 | Monthly Tax Alerts
