by MRA Advisory Team | Oct 21, 2020 | Finances, Financial Savings, Retirement, Tax Planning
As the end of the year approaches, it’s time to consider strategies that could help you reduce your tax bill. But most tax tips, suggestions, and strategies are of little practical help without a good understanding of your current tax situation. This is...
by MRA Advisory Team | Feb 20, 2020 | Tax Tips, MRA Tax Services, Taxes
Even though tax filing season is well under way, there’s still time to make a regular IRA contribution for 2019. You have until your tax return due date (not including extensions) to contribute up to $6,000 for 2019 ($7,000 if you were age 50 or older on...
by MRA Advisory Team | Feb 13, 2020 | Finances, Financial Savings, Investments, Planning, Portfolio, Retirement, WealthBuilder Investing
WealthBuilder Investing is a great way to get started on your financial independence. There are no commissions charged and no minimums required. Our January updates for all Portfolio Fact Sheets are out and you can learn more...
by MRA Advisory Team | Feb 6, 2020 | Tax Tips, Aging Parents
The Internal Revenue Service wants seniors to know about the availability of a new tax form, Form 1040-SR, featuring larger print and a standard deduction chart with a goal of making it easier for older Americans to read and use. The Bipartisan Budget Act of 2018...
by MRA Advisory Team | Jan 30, 2020 | Aging Parents, Finances, Medicare Expenses
Medicare premiums, deductibles, and coinsurance amounts change annually. Here’s a look at some of the costs that will apply in 2020 if you’re enrolled in Original Medicare Part A and Part B. Medicare Part B premiums According to the Centers for Medicare...
