The seven 2022 tax rates themselves didn't change (they are the same as those in effect for the 2021 tax year); however, the tax bracket ranges were modified based on inflation. Because of this, it's possible you could be in a different tax bracket for 2022 than the last time you reported your taxes, even if your income has not changed.
Whether you're taking a DIY approach to filing your taxes this year or working with a professional, here are 5 filing tips to help make things a little easier.
Inflation can have a detrimental effect on retirement savings. However, there are several approaches you can take to protect your retirement from inflation. Here's how.
he Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019, brought a wide range of changes to the retirement planning landscape, from the death of the ‘stretch’ IRA to raising the age for Required Minimum Distributions (RMDs) to 72. Nearly three years to the day after the passage of the Secure Act, Congress has passed the Secure Act 2.0.
On December 23, 2022, the Secure Act 2.0 was passed by Congress and signed into law on December 29. This legislation provides a slate of changes that could help strengthen the retirement system and builds on earlier legislation passed in 2019 called the Secure Act.
With 2022 rapidly coming to a close, there are things you can be doing right now to make smart moves with your money. Here are some strategies and tips to help you make great year end money moves.