by Lori Bowden | Sep 2, 2024 | Individuals, Newsletter, Taxes
If you pay premiums for Medicare health insurance, you may be able to combine them with other qualifying expenses and claim them as an itemized deduction for medical expenses on your tax return. This includes amounts for “Medigap” insurance and Medicare Advantage...
by Lori Bowden | Aug 1, 2024 | Individuals, Newsletter, Real Estate
Purchasing a home is expensive, leaving many would-be buyers feeling cash-strapped. If that’s you, you might be considering taking some money from your traditional IRA to help fund the purchase. But should you? A 10% penalty normally applies to IRA withdrawals before...
by Lori Bowden | Jun 6, 2024 | Business, Individuals, News, Taxes
Updated on 7/2/24: This news release has been updated to include Anderson, Baylor, Cochran, Delta, Hays, Hill, Milam, Rockwall, and Rusk counties. Updated on 6/24/24: This news release has been updated to include Coke, Fannin, Lynn, Panola, San Augustine, Shelby, and...
by Lori Bowden | Jun 1, 2024 | Fraud, Individuals, Newsletter
Scam artists seek new ways to steal financial data and money from vulnerable people in any season. Such fraudulent activities often target older adults. Here are three ways to help prevent elder financial abuse and fraud, whether you’re in this age bracket or you...
by briesterer@thinkvisionary.com | Feb 6, 2024 | Individuals, Newsletter
If you’re like many Americans, your mailbox may have been filling up in recent weeks with letters from your favorite charities acknowledging your 2023 donations. But what happens if you haven’t received such a letter for a contribution? Can you still claim a deduction...
by briesterer@thinkvisionary.com | Feb 5, 2024 | Individuals, Newsletter
If you’re preparing to file your 2023 tax return, you may still be able to lower your tax bill – or increase your refund. If you qualify, you can make a deductible contribution to a traditional IRA right up until the original filing deadline, April 15, 2024, and see...
