It's tax-free weekend in Ohio

It's tax-free weekend in Ohio.

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    When a Surfside condominium tower collapsed last year killing 98 people, a wave of sympathy reached all the way to Tallahassee: Gov. Ron DeSantis and state legislators forgave the unit owners’ tax bills, totaling hundreds of thousands of dollars.

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    Lots of folks are considering doing Roth conversions lately, as the tax climate (and the market) is favorable for converting. Deb had come to my office last year to discuss just such a situation. Deb is already receiving Social Security, but not yet at RMD age (required minimum distribution, age 72 for most).

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    The Senate has passed a massive climate, tax and health bill that is a big win for Democrats, who have been trying to get some version of the measure completed for much of President Biden’s term in office. There are clear political winners and losers throughout the legislation, which makes changes to the tax code…

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  • This Move Can Save You Big on RMD Taxes

    Stocks and bonds have both taken a beating this year, but that can create an opportunity to save big on taxes for retirees who don't need their required minimum distributions (RMDs) to live on. In other words, there's a simple … Continue reading → The post This Move Can Save You Big on RMD Taxes appeared first on SmartAsset Blog.