Have you ever faced a Buffalo winter without a warm winter coat? Have you known what it’s like to avoid going to prom because you can’t afford a prom dress and accessories like all the other students? Colvin Cleaners, one of WNY’s most well-known and long-standing dry cleaners, has been focused on helping children and […]
A qualified charitable distribution (QCD) is a nontaxable distribution made from a taxpayer’s individual retirement account (IRA) directly to a qualified charity. To qualify for this type of distribution, the taxpayer must be at least 70 ½ years old. The maximum amount that can be transferred from an IRA account to a qualified charity is […]
As we reflect back on 2023, there was no shortage of news and scenarios related to the U.S. economy and personal finance. Interest rates, inflation, housing prices and a turbulent political landscape were among the many issues important and relevant to taxpayers. Tax season once again warrants the gathering of records and important statements in […]