Tax questions
IRAs, 401(k)s, Roth conversions, required distributions, and how Social Security is taxed.
Dr. Friday uses this episode to step back from the rush of tax season and look at what taxpayers can still control after the Tennessee filing extensions. She…
#Business Versus Hobby Losses#LLC Versus S Corporation#IRS Debt Resolution#Trust Income Distributions
ListenDr. Friday explains that Social Security benefit taxation remains unchanged, with up to 85% potentially taxable. She also highlights qualified charitable distributions as a way some retirees can…
ListenDr. Friday reminds taxpayers they can still fund a traditional or Roth IRA up to tax day. She explains that the best choice depends on long-term planning, not…
ListenDr. Friday explains the Saver's Credit and how it is expected to transition under SECURE 2.0. She notes the benefit is mainly aimed at lower-income savers, especially workers…
ListenTax season questions came in fast this week, and Dr. Friday opened by correcting confusion around overtime and tip-related tax treatment. She walked through RMD caller scenarios, including…
#Business Vehicle Deductions#IRA Withdrawals#Business Recordkeeping#Overtime And Tip Deductions
ListenDr. Friday explains how the Social Security wage base keeps rising and can increase payroll taxes for many workers. She also notes that Medicare tax stays uncapped, so…
ListenDr. Friday explains why she is a strong advocate for health savings accounts (HSAs), even though she doesn’t sell insurance. She describes how HSAs can grow and help…
ListenDr. Friday explains that retirement plan contribution limits keep increasing with inflation and highlights catch-up contribution rules. She encourages taxpayers to take advantage of these options as they…
ListenWhile taxes are usually the star of the show, Dr. Friday takes a detour "off the grid" this week to discuss a critical component of business health: cybersecurity.…
#Cybersecurity Risk Assessments#Managed IT Support#Ransomware And Data Breaches#Employee Cybersecurity Training
ListenIn this episode, Dr. Friday is joined by her long-time friend and colleague, Hank Parrott of Estate and Financial Strategies. Together, they dive deep into the critical importance…
#Retirement Tax Planning#Roth Conversions#Qualified Charitable Distributions#Medicare IRMAA Surcharges
ListenIt’s almost year-end, but there’s still time. Dr. Friday explains how boosting your 401(k) or IRA contribution can lower your taxable income.
ListenIn this episode, Dr. Friday is wrapping up 2025 with critical updates on the "One Big Beautiful Bill" (OBBBA) and what the changing tax landscape means for your…
#SALT Deduction#Retirement Tax Planning#Trump Accounts#Senior Tax Deduction
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