NEWS

Mid-Year Tax Planning

Mid-Year Tax Planning

Mid-Year Tax Planning The mid-way point of the year is here and it is a good time to take a moment to do some mid-year tax review to help you to plan for the 2022 tax season. Planning ahead can help you to avoid unexpected tax bills and allow you to make changes if...

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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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MCK

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

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