Dr. Friday shares essential tax planning tips to start 2025 right. While there’s little you can do for 2024 taxes now, it’s the perfect time to prepare for the new […]
Dr. Friday emphasizes the power of early savings with a Roth IRA. A 15-year-old earning $2,000 annually and contributing to a Roth IRA could amass over $700,000 by retirement with […]
Dr. Friday explains the 2024 phase-out ranges for tax credits like the Child Tax Credit and Adoption Credit. She highlights the income thresholds for singles and married couples, shedding light […]
Dr. Friday shares tax tips for baby boomers supporting their parents. While dependent exemptions are unavailable, you may qualify for a $500 credit. Explore other deductions, like medical expenses, to […]
Dr. Friday breaks down how Medicare premiums are affected by IRMA (Income-Related Monthly Adjustment Amount). From real estate sales to large withdrawals, your taxable income can significantly impact Medicare costs. […]
Dr. Friday shares a heartwarming holiday message, encouraging listeners to give back during Christmas. Whether donating to a local cause or helping those in need, the season is the perfect […]
Dr. Friday takes a festive break to remind listeners about itemized deductions. With thresholds at $14,600 for singles and $29,200 for married couples, many won’t need to itemize. Enjoy your […]
Dr. Friday offers valuable tips for preparing your tax documents before the New Year. By listing expected documents, such as retirement withdrawals, charitable contributions, or HSA transactions, you can avoid […]
Dr. Friday encourages listeners to schedule their 2024 tax preparation appointments early. Learn how proactive planning with expert guidance can help you navigate current tax situations and prepare for future […]
Dr. Friday discusses significant estate tax changes coming in 2025, including a reduction of the individual exemption from $13 million to $5 million. Learn how these changes could impact your […]
Dr. Friday explains the rules for tax-free gifting, allowing up to $18,000 per person annually. She highlights how this strategy can reduce estate size and benefit recipients without tax implications. […]
Dr. Friday highlights the importance of ensuring Required Minimum Distributions (RMDs) are taken on time to avoid a hefty 50% penalty. She explains how to avoid common missteps, such as […]