Day: November 1, 2023

You may have heard of a new savings initiative that aims to strengthen the financial future of the next generation. The Trump Savings Account, set to launch in 2026, gives families a new way to help children build long-term wealth ...

Let NSO be your Valued Tax ResourceAlways consult a trusted tax professional if you are curious about any informationyou have received. Be cautious of unusual behavior and/or poorly constructedsentences. Call NSO and Company, Inc. at (317)-588-3131 to schedule a meetingfor ...

When it comes to charitable giving, many people want to support the causes theycare about while also making the most of available tax benefits. A donor-advised fund(DAF) offers a simple and strategic way to accomplish both. By contributing to a ...

Money can affect you almost every day. Whether you are starting a company, planningfor a family, or working to improve your savings, the following five financial terms willhelp you master how to better handle your money. Let NSO Help You ...

The 529 PlanOpen a 529 Plan for yourself and your children now. The new rule from theSecure Act 2.0 says after 15 years, the beneficiary can roll $35,000 out of the529 Plan into a Roth IRA. A 529 Plan can ...

Most people will never face a tax audit, but that doesn’t mean it can’t happen. The IRS audits a small percentage of returns every year. This is often based on red flags like mismatched records or unusually high deductions. Even ...

Selling a high-value asset like real estate can come with a similarly high tax bill. Fortunately, there’s a strategy that can help ease that burden: the installment sale. When structured correctly, an installment sale lets you spread out income and ...

When tax season rolls around and you’re short on cash, it can be tempting to pull out the credit card to pay your balance. The same goes for whether you’re looking at this year’s bill or planning ahead with your ...

Whether you itemize deductions or just want to make sure your contribution has the greatest impact, taking time to investigate a charitable organization can help you make sure your money is used wisely. Here’s what to consider before writing that ...