Articles Showing articles related to: Erica Stark, Licensed Financial Advisor, Tax Specialist, Founder of TAPP Financial
Home office deductions
Three years after the pandemic, according to the Pew Research Center, 35% of American employees are still working from home, a number up from 7% pre-pandemic. When I start working with a new client, coming up with a plan to maximize the number of deductions they can take is a key consideration. It’s often a surprise to me how many people...
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How Social Security is taxed
Understanding how Social Security benefits are taxed plays a crucial role in retirement income. By knowing the rules and tapping into tax strategies, I enjoy helping retirees maximize their after-tax income and optimize their financial stability throughout the retirement years. For many retirees, Social Security benefits form a crucial...
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Young adult investing pays
Not many recent college graduates prioritize saving for retirement. And that’s unfortunate, because saving sooner has a profound impact on how much you end up with when retirement comes. It allows your investments to grow over time by taking advantage of the power of compound interest. This type of interest means your earnings generate...
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Covering the cost of college
Saving for their children’s college education is a priority for many parents, so I thought this month would be a good time to discuss maximizing tax benefits once a child gets to college. As the cost of higher education continues to rise, families often seek ways to offset the increased expenses. Two shrewd options to alleviate your...
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Tax scammers on the rise
The IRS reports that more than 2.4 million people in the United States each year are targeted by phishing and impersonation scams. And worse yet, that number is growing at an alarming rate. The fraudulent operators communicate with people through bogus phone calls, texts, emails or social media. One of the most prevalent scams, especially...
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