by Steven J Weil, PhD, EA, LCAM | Aug 17, 2023 | Blog, Investments, Personal Tax
Anyone born in 1929 or later needs 10 years of work (40 credits) to be eligible for retirement benefits. The maximum credits that can be earned per year is 4. Credits are earned based on wages as an employee or self-employment income. The amount of earning required...
by Steven J Weil, PhD, EA, LCAM | Mar 16, 2023 | Blog, Business Tax, Investments
A SIMPLE is an Affordable Retirement Plan For Small Businesses A SIMPLE (Savings Incentive Match Plan for Employees) is a retirement plan that small business owners can offer to their employees. Here are the basic features of a SIMPLE: Eligibility:...
by Steven J Weil, PhD, EA, LCAM | Aug 24, 2022 | Blog, Investments, Personal Tax
Today, August 24th 2022, President Biden announced a program to forgive student debt for qualifying taxpayers. According to the announcement, those with qualifying student loans could receive between $10,000 and $20,000 in forgiveness. Pell Grant recipients can...
by Steven J Weil, PhD, EA, LCAM | Sep 20, 2021 | Blog, Investments, Personal Tax, Wealth
A whole new world has opened to me and I don’t like it one bit. As I recently turned 65, the nature of my mail, Facebook feed and email have changed. I have suddenly become the target of every financial planner, investment product, tax savings event, webinar and free...
by Steven J Weil, PhD, EA, LCAM | Feb 23, 2021 | Blog, Business Tax, Investments, Personal Tax
???????????? ???????????? ???????????? ???????????????????? ???????????? ???????????????????????????? ???????????????????????????????? ???????????????????????????????? from Schedule 1 of the 2019 Form 1040 to the first page of the 2020 Form 1040 and Form 1040-SR. The...
by Steven J Weil, PhD, EA, LCAM | Apr 15, 2020 | Blog, Covid-19, Investments
10% Early Distribution Penalty Suspended on Coronavirus-related IRAs & Qualified Plan Distributions The CARES Act provides that the 10% additional tax on distributions to those under 59.5, does not apply to coronavirus-related distributions, up to $100,000. A...
