Back in 2003, Congress introduced one of the best tax savings vehicles that exists to this day. It wasn’t the individual retirement account (IRA). It wasn’t the ever-popular Roth IRA. It was the often-overlooked health savings account (HSA), which provides taxpayers with an upfront tax deduction and tax-free and penalty-free distributions. The tax rules surrounding…
With the 2nd quarter coming to an end, I think it is important to discuss estimated quarterly tax payments. This topic tends to freak people out and overwhelm them, so I will try to make it as simple to understand as possible! Estimated quarterly tax payments are literal estimates of what you are guessing your…
In the mental health and health care industry, there are ever changing regulations, updates, and business standards. Not to mention the process of updating and renewing your licensing. This means you will have a plethora of continuing education, courses, and certifications to take throughout the year. Did you know that all the costs associated with…
Is the Child Tax Credit new? No, the Child Tax Credit is not new, but it has been increased and changed. Originally, the Child Tax Credit was a refundable credit up to $2,000 per child UNDER 17 years old. This amount is phased out or lowered for Married Filing Jointly Adjusted Gross Income of $400,000+ and all…
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Stickel Financial Services helps entrepreneurs and online creators simplify their finances with strategic bookkeeping, expert accounting, and proactive tax support.
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