Internal Revenue Service
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IRS Announces 2026 Cost-of-Living Adjustments
The IRS recently released a list of 2026 cost-of-living adjustments (COLAs) that include increases to qualified transportation fringes, increases in contribution limits for multiple types…
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Want to Be in Pennsylvania’s 1%? Here’s the Income You’ll Need
To rank in the top one percent of earners in Pennsylvania, residents need an income of $605,333, which is the 24th highest total in the…
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Citadel Credit Union: How to Protect Yourself from Impersonation Scams
Impersonator scams come in many forms. In these scams, fraudsters try to trick victims into thinking they’re from an entity you trust to take your money. Here are…
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Employee Retention Credit Update
The Employee Retention Credit was introduced as a relief measure to help businesses retain employees during the COVID-19 pandemic. However, the program faced numerous challenges,…
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Why Consider a Pooled Employer Plan for Your 401(k) Plan
As a business owner, you shoulder a tremendous number of responsibilities to ensure you are offering a competitive benefits package to your employees. Now, thanks…
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Tax Benefits And Implications Of Owning A Summer Home
The allure of owning a summer or second home extends beyond the pleasure of having a personal retreat; it also offers potential financial benefits and…
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How to Avoid Costly IRS Penalties
Penalties on underpayments of income taxes paid quarterly rather than through paycheck withholding have recently surged, writes Laura Saunders for The Wall Street Journal. There…
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This Tax Break Could Help Many Couples Increase Their Retirement Savings
A spousal IRA is a tax break offered by the Internal Revenue Service that can help many married couples increase their retirement savings, writes Lori…
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Protect Your Identity During Tax Season
As tax season approaches, it’s time to prep your financials and stay on guard against the looming threat of tax identity theft. It is perfect…
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Strategies You Need to Know to Maximize Your 401(k)
Named after its section in the Internal Revenue Service code, 401(k)’s and other employer-sponsored retirement plans, such as 403(b)’s and 457’s, have become a mainstay…
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See How Delaware County Compares in Small Business Success
A recent survey by SmartAsset puts Delaware County fourth best in the state for small business success, writes Kathleen E. Carey for the Daily Times.…
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You Can Earn Nearly 7 Percent Interest with I Bonds; Here Is What You Need to Know About Them
I Bonds, a type of savings bonds, are still an attractive choice for numerous investors, writes Veronica Dagher for The Wall Street Journal. Starting on…
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Big Consequences for Small Businesses: Firstrust Bank Offers Info on Avoiding Apr. 15 Tax Mishaps
As area residents continue to march through March, there is much to look forward to: Daylight is lasting a bit longer in the late afternoons;…
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Wiser Wealth: IRS Sets New Tax Filing Deadline, Here Is What You Need to Know About It
The Internal Revenue Service is postponing the tax filing and payment deadline for individuals from April 15 to May 17 for 2020 tax returns, writes…
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Anonymous Donation of $500,000 Establishes Interest-Free Loans for Local Federal Employees
An anonymous donor has made a $500,000 donation to the Hebrew Free Loan Society of Greater Philadelphia for interest-free, short-term loans to federal employees in…
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