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Explaining Illinois’ SALT Workaround Legislation

Explaining Illinois’ SALT Workaround Legislation

Explaining Illinois' SALT Workaround Legislation At the end of August 2021, Illinois Governor J.B. Pritzker signed S.B. 2531. That new law provides a pass-through entity workaround to the recently introduced federal limits on state and local taxes (SALT). Illinois was...

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Your Guide to QCDs

Your Guide to Qualified Charitable Distributions Planning your IRA withdrawal strategy can feel complicated. There are some pretty strict guidelines to follow and sometimes it can feel like it’s just too difficult to withdraw the needed amount each time. Enter...

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Understanding RMDs

Understanding RMDs

Understanding RMDs Retirement plans like IRAs and 401Ks are great ways to prepare for your future and save for your life after work, but like everything when it comes to invested money, there are rules and guidelines to follow. For retirement plans, you must follow...

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MCK

MCK CPAs & Advisors - serving Decatur, Bloomington, Monticello, and all areas of Central Illinois.

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