Electing the standard federal deduction impacts your deduction method at the state tax level as Maryland forces taxpayers to follow their federal return.
A 2020 report from the Tax Foundation found a single average wage earner pays about 29.8 percent in federal taxes. Here's how to reduce your taxable income.
Understand Maryland Itemized Deductions in 2020 and what determines whether you can itemize or take the standard deduction.
8 Tax changes possible under Biden Tax Hikes and how they may affect you.
On September 13th, 2021, the House Ways and Means Committee released the first draft of a tax proposal to raise roughly 2.9 trillion over the next ten years.
Here are the Powerful Advantages of Tax Planning in Turbulent Times.
We view effective tax planning as a way to reduce your lifetime tax bill—or beyond if you’re preparing for a tax-efficient wealth transfer to your heirs.
At RCS Financial Planning, our mission is clear and straightforward: to provide personalized wealth planning and investment advice that minimizes our clients' financial concerns and maximizes their long-term peace of mind.. We firmly believe that a true financial partner shows you how to make the best choices for your future by always focusing on your needs first. And our fee-only service model ensures there is no conflict of interest.
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