Escient Financial

Blog tagged as Income Tax

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.
7 Ways to Spring Clean Your Finances
It's still Spring, so it's still an ideal time to clean up your finances, clear out the clutter, and get a fresh start. Consider these 7 suggestions to get a better handle on your finances.
Capital Gains & Your Taxes: A Brief (But Important!) Guide
Capital gains taxes apply to more than stocks. The amount of capital gains taxes you pay depends on a variety of factors. Here's how capital gains tax works and a few tips for reducing them.
What is the Difference Between Quarterly and Annual Taxes?
You know you have to pay taxes, but did you know when you choose to pay them could make a big difference in your tax return? Start the new year off right with these must-know facts about your taxes (Psst, especially if you're a business owner!).
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.
Pre-Tax vs After-Tax Retirement Contributions
Tax planning is a year-round effort. Here's how you can plan ahead with your tax strategy so you’re prepared all year long.
Employer Retirement Plan Rollover: Does It Make Sense For You?
When deciding whether to rollover an employer retirement plan there are many factors to consider.
Cryptocurrency and Taxes
Cryptocurrencies are considered property. Here are some common digital asset situations that create a tax liability.
What Is My Tax Bracket for the 2022 Tax Year?
It's never too early to start looking at your tax obligations for the coming tax season. The information in this article is for the 2022 tax year, which most taxpayers will file in 2023.

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