JW Tax & Consulting Services

02/08/2025

We love customer reviews. 🥰

01/21/2025

Smart Savings: An Educational Savings Account (ESA) can set your child up for success. Here’s why it matters:

1. Tax-Free Growth: Earnings in an ESA grow tax-free, meaning more money for future education expenses.

2. Covers Qualified Expenses: Use funds for tuition, books, and other education-related costs—from elementary school to college.

3. Encourages Early Savings: Starting now can reduce the financial burden of future education costs.

The earlier you start, the greater the benefits.

01/21/2025

Early Start, Big Impact!
If you start contributing the maximum amount to a Roth IRA at age 25, assuming a consistent annual contribution of $7,000 (the current limit for 2024) and a moderate average annual return of 12%, you could potentially accumulate over $1 million by retirement age. This highlights the power of compounding interest and early contributions to retirement savings.

01/20/2025

01/16/2025

It's not too late to pay your 4th quarter estimated payment. The final payment due date is January 15th. Visit irs.gov or click here to pay. https://directpay.irs.gov/directpay/payment?execution=e1s1

01/14/2025

Are you contributing to your Roth IRA? Here's why you should:

1. Tax-Free Growth: Your investments grow tax-free, meaning more money for your future.

2. Tax-Free Withdrawals: Qualified withdrawals in retirement are tax-free, helping you keep more of your savings.

3. No Required Minimum Distributions (RMDs): Unlike other retirement accounts, Roth IRAs don't require you to withdraw funds at a certain age, giving you more flexibility.

The sooner you contribute, the longer your money has to grow. Start maximizing your Roth IRA today and secure your financial future!

01/11/2025

❄️ Bundle up, grab a mug of hot cocoa, and step outside to soak in the beauty of a fresh snowfall. It's a perfect day to appreciate the magic of winter!
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01/09/2025

EARLY FILERS! If your tax refund will be delayed due to the PATH Act that impacts certain tax credits take advantage of an advance. Some tax credits affected include the following: Earned Income credit, Additional Child Tax Credit, American Opportunity Credit.
440-326-1036

01/07/2025

Tax Tip Tuesday!
Did you know? You can still contribute to your 2024 Roth IRA until Tax Day, April 15, 2025!

• Maximize your contributions up to $7,000 or $8,000 if you're 50+

Don’t wait—every little bit counts toward your retirement goals. Plan ahead and make the most of your 2024 tax year!

01/03/2025

It's Tax Time and our ADVANCES ARE BACK! Call us at 440-326-1036

12/24/2024

To our valued clients, past, present, and future, we wish you a joyous holiday season filled with warmth and laughter and all the best for a prosperous New Year!