Escient Financial

Blog categorized as Tax Planning

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.
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.
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.
Your 2022 Tax Filing Season To-Do List
The tax season is officially here. If you haven't already, now is the time to get prepared.
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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