Navigating Tax Benefits for Your Family
Parents and guardians, are you maximizing the benefits provided by recent legislative updates? Whether you are welcoming a new addition through adoption or supporting growing…
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Starting Fresh: A Year-End Tax Guide for the Newly Divorced
The first year after a divorce comes with plenty of adjustments, from scheduling holidays to figuring out which documents still have both names on them….
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Smith Patrick and KidSmart Prepare Hundreds of Free Books for St. Louis Students and Teachers
Recently, a crew of Smith Patrick CPAs team members traded in calculators for cardboard boxes and volunteered with KidSmart, a St. Louis nonprofit dedicated to…
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529 Plans Evolved: Flexible Savings for Education and Beyond
529 plans have long been a trusted tool for saving for education expenses, offering tax advantages and flexibility for families. Now, with a recent rule…
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Sunshine and Savings: Summer Activities That Impact Your Taxes
Summer is here, bringing sunshine, beach trips, and—surprisingly—tax considerations! As you enjoy the sunshine and plan your activities, remember that certain summer choices—from saying ‘I…
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Passing the Torch Without Burning Bridges: Avoiding Wealth Transfer Pitfalls
The greatest wealth transfer in history is underway, marking a pivotal moment for families at the crossroads of legacy and the future. Yet, passing on…
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From Cradles to Credits: Unraveling Tax Perks for Proud New Parents
Welcoming a new baby into your family is like embarking on an adventure filled with firsts: the first smile, the first word, and, yes, even…
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How Kiddie Tax Rules Affect You
Are you exploring ways to optimize your family’s tax situation? Transferring assets to your children might seem like a straightforward strategy for tax savings, but…
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Summer Fun and Tax Breaks: Deducting Day Camp Costs Under the Child and Dependent Care Credit
As the summer season approaches, many parents struggle with childcare, and day camps can be a lifesaver. Did you know that some of these expenses…
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Navigating Divorce: The Value of a Financial Expert in Marital Dissolution
Marital dissolution, or divorce, can be a complicated and emotional process that can impact both parties involved, their children, and their finances. A financial expert…
