Escient Financial

Blog tagged as Tax Deduction

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.
10 Tips to Aggressively Pay Down Your Debt
10 ways you can aggressively pay down your debt, helping you to get in a better financial position quicker & alleviate stress.
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.
Tax Planning with Charitable Contributions
A common method of lowering taxes is donating to a charity to receive a tax deduction.
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.
What Is the Difference Between a Tax Credit and a Tax Deduction?
While they’re both worth getting excited over, it’s important to understand the fundamental differences between tax credits and tax deductions.

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