Joe Biden
Posted inEconomy

New rules for Required Minimum Distributions (RMDs) – Changes affecting retirees in the second half of 2024

Saving for retirement through an IRA or 401(k) allows you to build a solid financial future while deferring taxes on your contributions. However, once you reach a certain age, the government mandates that you begin withdrawing funds from these accounts through Required Minimum Distributions (RMDs). These withdrawals are subject to ordinary income taxes, and failing ... Read more
Joe Biden
Posted inEconomy

$150 Million in State Tax Rebates – Know How to Get Your Check Next Month

As August approaches, Washington state residents are eagerly anticipating a significant enhancement to their wallets through energy rebates. The state government plans to distribute over $150 million in tax rebates to more than 700,000 individuals this autumn. Funded from the Climate Commitment Act (CCA) revenue, this initiative aims to reduce energy costs while promoting energy-efficient ... Read more