Tax Prep, Planning & Strategy Insights

Social Security benefits: Do you have to pay tax on them? | quickbooks consultant in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Social Security benefits: Do you have to pay tax on them?

Some people who begin claiming Social Security benefits are surprised to find out they’re taxed by the federal government on the amounts they…
Five tax implications of divorce | estate planning cpa in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Five tax implications of divorce

Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several tax concerns need to be…
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.…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
7 Jan

"How does your federal tax bill affect Medicare insurance premiums? How much will monthly Medicare premiums be in 2025? Here are the answers to those and other questions." https://bit.ly/4femneJ

wcscpas Weyrich Cronin Sorra @wcscpas ·
6 Jan

The ongoing saga of the beneficial ownership information reporting requirements isn’t over. A federal appeals court and the government now say that more than 30 million businesses no longer have to file reports in January 2025. https://bit.ly/3W9Ou89