2022 Tax Prep, Planning & Strategy Insights

The HSA: A healthy supplement to your wealth-building regimen | accounting firm in hunt valley md | Weyrich Cronin & Sorra

Tax Prep, Planning & Strategy

The HSA: A healthy supplement to your wealth-building regimen

A Health Savings Account (HSA) can be a powerful tool for financing health care expenses while supplementing your other retirement savings vehicles.…
Inflation enhances the 2023 amounts for Health Savings Accounts | tax accountant in harford county md | Weyrich Cronin & Sorra

Tax Prep, Planning & Strategy

Inflation enhances the 2023 amounts for Health Savings Accounts

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will…
IRA charitable donations: An alternative to taxable required distributions | accounting firms in baltimore | Weyrich Cronin & Sorra

Tax Prep, Planning & Strategy

IRA charitable donations: An alternative to taxable required distributions

Are you a charitably minded individual who is also taking distributions from a traditional IRA? You may want to consider the tax advantages of…
Caring for an elderly relative? You may be eligible for tax breaks | tax accountants in baltimore city | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Caring for an elderly relative? You may be eligible for tax breaks

Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible for tax breaks.…
Thinking about converting your home into a rental property? | cpa in baltimore md | Weyrich Cronin & Sorra

Tax Prep, Planning & Strategy

Thinking about converting your home into a rental property?

In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing this,…
Want to turn a hobby into a business? Watch out for the tax rules | accountant in bel air md | Weyrich Cronin & Sorra

Tax Prep, Planning & Strategy

Want to turn a hobby into a business? Watch out for the tax rules

Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax headaches if your new business is…

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