Escient Financial

Blog tagged as Deductions

Traditional vs Roth IRAs: Which is Better for You?
When choosing between a traditional IRA and a Roth IRA it's important to look at the key differences between them.
Income Tax Brackets for 2024
The IRS announced higher tax brackets and standard deductions for 2024. Contribution limits have also been increased for HSAs and FSAs.
5 Steps for Handling an Unexpected Tax Bill
Getting stuck with an unexpected tax bill can be stressful and unsettling. Here are five ways to reduce your tax bill to a more manageable size.
New Income Tax Brackets for 2023
In response to high inflation, the IRS announced higher tax brackets and standard deductions for 2023. Contribution limits have also been increased for HSAs and FSAs.
Cryptocurrency and Taxes
Cryptocurrencies are considered property. Here are some common digital asset situations that create a tax liability.
Your 2021 Guide to Year-End Charitable Giving
Whatever your reason for giving this year, it’s important to know how your charitable contributions can impact your financial plan. In fact, being strategic and intentional in your 2021 contributions can create tax benefits for both you and your chosen charity.
End-of-the-Year Money Moves in 2021
Here are some things you might consider before saying goodbye to 2021.
5 Tax Tips for Homeowners
If you're just buying a new home, here are some tax tips that can help you get the most out of your tax return. Existing homeowners, may find value in some of these tips as well.
Possible Tax Changes That May Come With The Biden Presidency
A major part of President-elect Biden’s proposed changes to taxation is his pledge to not increase taxes on those making less than $400,000...

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