Bach & Jacobs Elder Law
  • Home
  • Our Team
  • Services
    • Estate Planning
    • Trust & Estate Litigation
    • Estate & Trust Administration
    • Probate & Probate Avoidance
    • Contested Guardianships & Probates
    • Asset Protection Planning
    • Tax Law
    • Medicaid & VA Benefits
    • Land Conservation Easements
  • Blog
  • Contact & Directions
Sarasota Elder Law & Estate Planning Sarasota Elder Law & Estate Planning Sarasota Elder Law & Estate Planning Sarasota Elder Law & Estate Planning
  • Home
  • Our Team
  • Services
    • Estate Planning
    • Trust & Estate Litigation
    • Estate & Trust Administration
    • Probate & Probate Avoidance
    • Contested Guardianships & Probates
    • Asset Protection Planning
    • Tax Law
    • Medicaid & VA Benefits
    • Land Conservation Easements
  • Blog
  • Contact & Directions

Archives

Monthly Archive for: "August, 2022"
Home » Archives for August 2022
0
By Bach, Jacobs & Byrne, P.A.
In Elder Law, Estate Planning, Tax Law
Posted August 31, 2022

Saving for Retirement 101: 401(k) limits and strategies

Total Limits on 401(k) Employer and Employee Contributions Total 401(k) contribution limits refer to the maximum contribution amount by both employer and employee. In 2022, the total contribution [...]

READ MORE
0
By Bach, Jacobs & Byrne, P.A.
In Elder Law, Estate Planning, Tax Law
Posted August 29, 2022

Saving for Retirement 101: Traditional 401(k)

What is a 401(k) plan? A 401(k) is an employee-sponsored retirement savings account. With a 401(k), individuals invest pretax funds directly from their paychecks into an employer-sponsored [...]

READ MORE
0
By Bach, Jacobs & Byrne, P.A.
In Estate Planning, Tax Law
Posted August 22, 2022

Key tax deferral strategies

Tax deferral refers to the action of delaying the payment of taxes to some point in the future.   Some taxes can be delayed for an unlimited amount of time, and others may be taxed at a [...]

READ MORE
0
By Bach, Jacobs & Byrne, P.A.
In Estate Planning, Government Benefits, Tax Law
Posted August 17, 2022

Everything You Need to Know About “Below the Line” Deductions

Below-the-line deductions, also known as itemized deductions, include any deduction reported under the line for AGI calculation on your tax return. Each tax season, you can choose whether to [...]

READ MORE
0
By Bach, Jacobs & Byrne, P.A.
In Estate Planning, Government Benefits, Tax Law
Posted August 15, 2022

What are ‘above-the-line deductions,’ and why are they valuable?

Before we get into above-the-line deductions, let us start with some helpful definitions: Deduction: another way of saying ‘subtract.’ In the context of a federal tax return, a deduction is an [...]

READ MORE
0
By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Elder Law, Estate Planning, Government Benefits, Tax Law
Posted August 8, 2022

What is the “Secure Act 2.0”?

On March 29, 2022, the House of Representatives passed the Securing a Strong Retirement Act (“the Act”) with a bipartisan vote of 414 to 5. The Act has been nick-named the “Secure Act 2.0” as it [...]

READ MORE
0
By Bach, Jacobs & Byrne, P.A.
In Elder Law, Estate Planning, Government Benefits, Tax Law
Posted August 5, 2022

How do these changes in the SECURE Act affect me?

An older RMD age will allow IRA owners to defer withdrawals, allowing assets to continue growing for longer. Removing the age limit for individuals to contribute to their IRA accounts benefits [...]

READ MORE
0
By Bach, Jacobs & Byrne, P.A.
In Elder Law, Estate Planning, Government Benefits, Tax Law
Posted August 3, 2022

Important changes in the SECURE Act

Important changes in the SECURE Act include: The required minimum distribution age (“RMD”) increased from 70.5 to 72 years old. Removal of the age limit for IRA contributions. The [...]

READ MORE
0
By Bach, Jacobs & Byrne, P.A.
In Elder Law, Estate Planning, Government Benefits, Tax Law
Posted August 1, 2022

What is the SECURE Act, and how can it affect my retirement?

The “SECURE” Act stands for ‘The Setting Every Community Up for Retirement Enhancement Act’ and was signed into law by former President Donald Trump on December 20, 2019. The law [...]

READ MORE

2033 Main Street • Suite 505
Sarasota, FL 34237
Phone: 941-906-1231
Email: [email protected]

Copyright Bach & Jacobs, P.A. All Rights Reserved © 2025
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer