Janet Berry-Johnson is a CPA. Before leaving the accounting world to focus on freelance writing, she specialized in income tax consulting and compliance for individuals and small businesses. She lives in Omaha, Nebraska with her husband and son and their rescue dog, Dexter.
With the second round of advance child tax credit payments starting to arrive for eligible parents, MagnifyMoney asked payment-related questions to more than 1,000 parents with kids younger than 18. The survey found that 82% of these parents with younger kids think the monthly payments should be extended past 2021. ... Continue Reading
California tends toward the higher side when it comes to many taxes, but that isn’t the case for estate taxes. In fact, the Golden State has neither an estate tax nor an inheritance tax. Federal and state governments may assess an estate tax on the value of a person’s estate, ... Continue Reading
A 401(k) beneficiary is the person (or persons) who will receive the money in your retirement account upon your death. That sounds pretty simple, but there are several things about naming a beneficiary that you should know — especially if you’re married, divorced or considering naming your children as beneficiaries. ... Continue Reading