The following are some of the provisions in the new tax act signed into law on July 4, 2025 impacting individuals: Reduced Income Tax Rates: The Act makes the lower individual income tax rates and wider tax brackets introduced by the Tax Cuts and Jobs Act “TCJA” permanent, preventing a scheduled tax rate increase after…
Ohio’s annual Sales Tax Holiday returns this year—bigger and longer than ever. From August 1 through August 14, 2025, shoppers across Ohio can enjoy two full weeks of tax-free shopping on most items under $500. What’s Tax-Free? During the holiday, tangible personal property priced at $500 or less per item is exempt from sales tax.…
Congratulations to Sarah, an Accountant in our Coldwater office. Sarah and her husband Dillon recently welcomed their son Oliver James. He weighed 7 lbs 4 oz. Everyone is doing well. Best Wishes to Sarah, Dillon, & family!
For decades, the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) reduced Social Security benefits for millions of public sector employees, who worked in jobs not covered by Social Security. These provisions have long been criticized as unfair and overly broad, and after years of debate, recent legislation finally repealed them. What Were the…
Congratulations to Janelle, an Accountant in our Celina office. Janelle and her husband Shane recently welcomed their daughter Jolene Mae. She weighed 8 lbs 10.3 oz. Everyone is doing well. Best Wishes to Janelle, Shane & family!
Planning, Saving, and Spending Over a Lifetime Trying to save over a lifetime can sometimes feel a bit like a tug-of-war between the present and the future. You have immediate needs now. But, you have long-term goals, too. The challenge is to find a healthy balance. The good news is, it is possible to save,…
Building a Solid Financial Foundation When you read about money matters, you may see the phrase, “getting your financial house in order.” What exactly does that mean? To some, when your financial “house is in order,” it means it is built on a solid foundation. It means that you have the “pillars” in place…
Weekly Recap February 10-14, 2025 Stocks Rebound Relief Rally Hemmed in by Sticky Inflation All three major U.S. equity averages ended positive last week, capping gains for the first time in three weeks. Investor sentiment improved after President Trump outlined plans for reciprocal tariffs but in relief, he opted to delay implementation with offers for…
A Taxing Story: Capital Gains and Losses Chris Rock once remarked, “You don’t pay taxes – they take taxes.” That applies not only to income but also to capital gains. Capital gains result when an individual sells an investment for an amount greater than their purchase price. Capital gains are categorized as short-term gains (a…
Avantax Market Update – January 2025 Hi {Firstname}, In an effort to consistently provide you with timely market updates, we thought you might enjoy the most recently published market commentary by our partners at Avantax. In this month’s market update video, Ivan Gruhl, CFA®, Co-Chief Investment Officer at Avantax, discusses returns for December and then…