Passed by Congress in 2005, the REAL ID Act enacted the 9/11 Commission's recommendation that the Federal Government "set standards for the issuance of sources of identification, such as driver's licenses.
Are you currently maxing out your 401k savings? Or do you utilize your own personal IRA to save for retirement? If so, you will want to make sure to review your contributions and increase the amount starting in 2019. The IRS announced cost of living adjustments for retirement plan contribution limits, and now you are able to save more for your retirement!
The Education Improvement Tax Credit (EITC) program was enacted in Pennsylvania a few years ago to allow businesses in the Commonwealth an opportunity to redirect their state income tax dollars to tuition based schools and help those children in need of tuition assistance.
The new tax act didn't’t leave a lot of time for interpretation or action. If you itemize your deductions and they total more than $12,000 (single) or $24,000 (married), you should seriously consider these four strategies. We know you only have a few days left in the year, but the savings could be worth thousands of dollars.