If you file a federal gift tax return, you must use Form 709 and file by April 15 of the year following the year in which the gift was made.
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Financial Planning & Retirement
Whether your 25 or 55, you need a strategy for retirement. Check out these tips and tricks from our experts.
How Often Do I Need to Review My Estate Plan?
Although there’s no hard-and-fast rule about when you should review your estate plan, the following suggestions may be of some help.
How Does Getting Remarried Affect Social Security Benefits?
If you’re receiving benefits based on your own work record, your benefits will continue. If you’re receiving spousal benefits based on your former spouse’s work record, those benefits will generally end upon your getting remarried, but you may be able to receive benefits based on your new spouse’s work record, or on your own.
What Stubborn Inflation Could Mean for the U.S. Economy
Basically, three separate categories of entities exist: partnerships, corporations, and limited liability companies. Each category has its own advantages, disadvantages, and special rules. It’s also possible to operate your business as a sole proprietorship without organizing as a separate business entity.
Choosing an Entity for Your Business
Basically, three separate categories of entities exist: partnerships, corporations, and limited liability companies. Each category has its own advantages, disadvantages, and special rules. It’s also possible to operate your business as a sole proprietorship without organizing as a separate business entity.
What is Vesting?
Does your employer offer a retirement savings plan such as a 401(k), traditional pension, or profit-sharing plan? Did you receive a stock option grant as a year-end bonus? These employee benefits and others like them are often tied to a timeline known as a vesting schedule.
Can Productivity Keep Driving the U.S. Economy?
The productivity surge in 2023 may help explain why the U.S. economy was able to grow at a strong pace while inflation dropped.
Tax Season News and Survival Tips
The filing deadline for 2023 federal income tax returns is April 15, 2024, (April 17 in Maine and Massachusetts, due to local holidays). Even though the 2024 tax year is well underway, there may still be time to take steps that lower your tax liability for 2023.
SECURE 2.0 Provides New Retirement Savings Options in 2024
The SECURE 2.0 Act, passed in December 2022, made wide-ranging changes to U.S. tax laws related to retirement savings. While some provisions were effective in 2023, others did not take effect until 2024. Here is an overview of some important changes for this year.
Retirement Plan Limits for 2024
Many IRA and retirement plan limits are indexed for inflation each year. Several of these key numbers have increased once again for 2024.
Recent News
2024 Shred Days Smash Records While Supporting the Local Community
SESLOC’s 2024 Shred Day events break nine years of records by serving 746 visitors and shredding nearly 42,000 pounds of paper! Thanks to our members who attended the events at our San Luis Obispo, Atascadero, Arroyo Grande, Paso Robles and Santa Maria branches, plus our new Lompoc event location. In total, we recycled 133 total bins with about 21 tons of shredded paper— saving 357 trees, 147,000 gallons of water, 63 cubic yards of landfill space, and 84,000 kilowatts of electricity!
Establishing Financial Foundations: SESLOC Equips High Schoolers with Budgeting Skills
On Friday, October 11, SESLOC returned to Pacific Beach High School in San Luis Obispo for a second year to engage 55 students in the Bite of Reality simulation. This hands-on event immerses students in a realistic budgeting app, providing them with valuable insights into managing finances. Through interactive scenarios, participants learn to navigate the distinction between needs and wants, equipping them with essential budgeting skills for real life.
SESLOC Cares for Community Award: Len Hoskins
We’re partnering with News Channel 12 to honor nonprofit volunteers who make our community thrive. Each month, we’re choosing a different nonprofit and asking them to select a valuable volunteer to receive the SESLOC Cares for Community Award. We’re thrilled to introduce Len Hoskins, from the DANA Adobe.
National Cybersecurity Awareness Month Tips + Tools
October is National Cybersecurity Awareness Month, and we’re offering tips, webinars, and services to help make the internet safer and more secure.
SESLOC Cares for Community Award: David Cook
We’re partnering with News Channel 12 to honor nonprofit volunteers who make our community thrive. Each month, we’re choosing a different nonprofit and asking them to select a valuable volunteer to receive the SESLOC Cares for Community Award. We’re thrilled to introduce David Cook, from Community Partners in Caring.
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