Finance

While your credit score is a three-digit number that’s automatically assigned to you, this is one area of your financial life where you have quite a bit of control. The…

RBC Wealth Management announced that Krause & Thorpe Wealth Management Team was named to the Forbes Best-In-State Wealth Management Teams list in the U.S. This award was announced in January…

If something of value changes hands, you can bet the IRS considers a way to tax it. Here are six taxable items that might surprise you: Surprise #1: Hidden treasure. In…

One of your important sources of retirement income will likely be Social Security — but when should you start taking it? You can start collecting Social Security benefits at 62,…

Beginning in 2024, many small businesses will have to report information about their owners to the Financial Crimes Enforcement Network (commonly referred to as FinCEN), a bureau of the U.S….

Each year, thieves try to steal billions in federal withholdings by stealing your identity. As the IRS focuses more attention on this quickly growing problem, now is the time of…

The tax code has plenty of ways to reduce your taxable income, and many take place on your paycheck. If you haven’t already done so, now is a great time…

You may have read reports about an impending “debt crisis” in the U.S. Should you be worried about investing in Treasury securities? Part of the concern over debt has been…

Selling property to a family member or loved one is deemed a related party transaction by the IRS. If contemplating a transaction like this, you need to review the tax…

RBC Wealth Management Edmonds office will be hosting an open house on Wednesday, March 13, 2024, from 1-3 p.m. for the local community to meet Heather Krause and the other…

In the fourth move in three years, the IRS in late November 2023 changed the reporting requirements for Form 1099-K. So why should you care? Well, pay attention if you’ve…

As part of your planning for the new year, now is the time to review funding your retirement accounts in 2024. Recent cost-of-living calculations means much higher contribution limits for…

There are multiple situations where you need to find out what the IRS knows about you. It could be for the purpose of obtaining a loan, filing past year tax…

Now that we’ve reached 2024, you might be thinking about your goals and hopes for the new year. But in addition to whatever personal resolutions you might make — volunteering,…

No one likes surprises from the IRS, but they do occasionally happen. Here are some examples of tax situations you could find yourself in and what to do about them….

Here are moves you can make to reduce your taxable income. But the year is quickly coming to a close, so plan accordingly. Max out pre-tax retirement savings. The deadline…

The Social Security Administration announced a 3.2% boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2024, a big drop from last year’s increase of 8.7%. The…

Putting off distributions and holding assets in your retirement accounts as long as possible may seem like a good idea, but waiting too long can cause a major tax problem….

Everybody likes getting something for free, and taxes are no different. If you invest in securities such as municipal bonds (munis) or municipal bond funds, you can generate tax-free interest…

Learn how to prevent becoming the victim of fraud during the holidays and year-round. As we welcome in the holiday season, scammers are working overtime. More shopping for gifts, more…

Government data shows that record inflation from the last few years started to slow down throughout 2023, but much of the damage has already been done. Every bill we pay…