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Tax Shifting Ideas to Reduce Your Bill to Uncle Sam

Because our tax system is progressive, the next dollar you earn could be taxed at a much higher rate. By shifting taxable income levels from one year to the next, you could potentially pay a lower tax amount in both. Here are six great ideas, detailed on our latest “Tax Tip of the Week”!

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Tax Tips For Investors

Don’t ignore the impact of taxes on your investments. While taxes should not drive your investment strategy, understanding how taxes affect your earnings will help you minimize taxes and maximize your return. Learn some of the tax related tips for investors on our latest blog post!

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Tax-Free Roth IRA Withdrawal Options

While Roth IRAs are funded in after-tax dollars, making a mistake on withdrawing funds could still subject you to tax and penalties on withdrawal of earnings. Here are some tips that every Roth IRA account holder should know!

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Understanding Tax Terms: Wash Sales

If selling a stock or mutual fund to book a loss for your tax return, the wash sale rules are worth knowing. For the unaware, this rule could cost you a loss deduction. Learn more about this rule on our latest “Tax Tip of the Week”!


Deducting Summer Activity Expenses

The Child and Dependent Care Credit can be used to offset summer time care expenses for your qualifying dependents. These expenses don’t just include sending your kids to daycare while you work. Here is what you need to know.

Review IRA Beneficiaries Now

Lost in the media storm during the coronavirus pandemic is a law change enacted in late 2019 that eliminates an IRA withdrawal technique known as the stretch IRA. Here is what you need to know!

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Elections & Tax Savings

Every year is an election year when it comes to making decisions on your annual income tax return. Learn four common examples that can create tax savings opportunities if you elect the correct option on our latest blog post!

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Client Spotlight: Xibitz, Inc

On our latest “Client Spotlight” Baker Holtz introduces Xitbitz, Inc., a custom fabricator in the Grand Rapids area. Learn more about their business and everything they offer here!

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Vacation Homes & Tax Benefits

n the midst of this Michigan winter, I am sure we are all day-dreaming of a vacation home somewhere that isn’t below freezing. But if you own a vacation home and create a proper tax plan, it can help create substantial tax benefits!