Tax

Exempting Social Security Benefits from Income Tax Is Unsound and Fiscally Irresponsible

They may argue that exempting Social Security benefits from income tax promotes financial security for retirees, but this…

Ask Phil: The 411 on IRS Tax Brackets

Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, recently addressed the subject of tax brackets to shed light…

Understanding the Mega Backdoor Roth IRA for Enhanced Retirement Savings

A Mega Backdoor Roth IRA is an advanced retirement savings option available to high-income earners who want to…

Are You Leveraging Tax-Advantaged Accounts For Maximum Year-End Benefits?

With the end of the year approaching, it’s important for you to evaluate how effectively you’re utilizing tax-advantaged…

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What Esoteric Deductions Should You Consider Before Filing Your Tax Return?

Deductions can significantly affect your tax refund or liability, especially when you explore the less common options available…

How Can Year-End Philanthropy Bolster Your Tax Posture For Next Year?

You can strategically enhance your tax situation by engaging in year-end philanthropy. As the calendar year draws to…