How to Increase Your Social Security Benefits
Many future retirees are seeking ways to maximize their retirement income. Once retired they may plan to take more trips, they may have more healthcare costs, or they may need to cover their living costs. The good news is that there is a way to increase your social security benefits by 8%. If you draw […]
From Eval IRIS to Valiant
As a child I watched the superhero cartoons and read the comic books. At the time I found I was more fascinated with the villains. They had the cooler costumes and had the latest technology and gadgets. The villains appeared to just have more fun! And who doesn’t want to have fun, right? The […]
What It Is Like To Be A Superhero
Like so many kids, I grew up wanting to be a superhero. So when I had the opportunity to become a D.K. Arndt superhero, I did not hesitate. Being T.P Man has brought me great pride and honor. Saving someone in distress from E Val Iris is what you got to see. Throwing pens with […]
Benefits of an Iowa 529 College Advantage Plan for Kids’ & Grandkids’ Education
What is a 529 plan? A 529 plan is an investment account that offers tax benefits when used to pay for qualified educational expenses. You can use a 529 plan to pay for college tuition, books, room & board during college, and K-12 tuition. There are many benefits to having an Iowa 529 College Advantage Plan. Just a […]
What Receipts are Important to Keep for My Taxes?
It can be overwhelming to think about what receipts and papers are necessary to keep when filing your taxes. It is important to have information about your income, adjustments to your income, itemized tax deductions and credits, and taxes you’ve paid. What does all this mean? Let me show you a few examples of documents […]
Submitting a FAFSA: How Can this Affect my Taxes?
What is FAFSA? FAFSA is a form completed each year by college students to determine eligibility for student financial aid. There are many sources of financial aid available. Loans, grants, scholarships, and work-study funds all affect taxes differently. Student loans are not considered taxable income. You are expected to pay back the lender, so loans […]
Tax Prep: After the Pandemic
COVID-19 had an effect on most business’ way of working during 2020. We continue to follow the same practices from the 2020 tax year to the 2021 tax year. We are continuing to receive drop offs rather than meeting in person. Remember some key points when dropping off your documents: If there is anything unusual […]
How to Reconcile the Advanced Child Tax Credit Payments on Your 2021 Tax Return
When you file your 2021 tax return during the 2022 tax filing season, you will need to compare: 1) The total amount of the advance Child Tax Credit payments that you received during 2021; with 2) The amount of the Child Tax Credit that you can properly claim on your 2021 tax return. Excess […]
Discover Ways That A CPA or Financial Planner Can Help You Plan Your Retirement
The sooner you start planning for your retirement, the better off you will be. It is recommended that you start at least saving for retirement, if not planning, as soon as you enter the workforce. Yes, retirement may seem like it’s lightyears away when you are in your early 20s and fresh out of […]
Tax Scams and How to Protect Yourself
I believe there are many people that have received a phone call or an email from someone impersonating an IRS agent. It seems that this kind of behavior is becoming more common every day. And the fraudsters are getting much better at disguising their efforts. Even the IRS has been informing taxpayers to be aware […]
