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Montgomery Co. executive: No tax hikes proposed for next fiscal year 03/08/2021 07:57pm • Montgomery County Executive Marc Elrich isn't considering any tax increases for his proposed 2022 fiscal year budget for the Maryland county that's due out next week. A county spokesman confirmed Elrich's proposal, which was revealed during a talk at the County Democratic Party's District 18 Brea How to Find the Best Tax Professional 03/08/2021 12:00am • With tax season underway, you don't want to delay looking for a tax professional. However, selecting the first preparer you find isn't a smart move either. "It's important to connect with the right tax professional from the beginning," says Steven Janssen, tax director with financial firm CBIZ MHM i How to Minimize Social Security Taxes 03/08/2021 12:00am • Most workers pay into the Social Security program throughout their career. Many people also pay taxes on part of their Social Security payments in retirement. Is Social Security Income Taxable?Retirees with low incomes or whose only source of income is Social Security generally don't pay income tax Former Md. tax preparer pleads guilty to federal tax fraud conspiracy 03/06/2021 09:17am • Anita Fortune, 56, of Alexandria, Virginia, pleaded guilty on Friday to conspiracy to defraud and to assisting in the preparation and filing of false tax returns. In total, the tax loss caused to the IRS as a direct result of Fortune and her co-conspirators’ conspiracy for the tax years 2012 th 7 Best Balanced Funds to Pick Right Now 03/05/2021 12:00am • The best balanced mutual funds for simple investment diversification.Choosing a balanced mutual fund with stocks and bonds might temper any large swings in a portfolio's value. So if the stock market declines, you'll have fixed assets to prop up your returns. The benefits of investing in a balanced How Advisors Should Build a Succession Plan 03/05/2021 12:00am • Many financial advisors do not have a legitimate succession plan created for their company, even though they often recommend their business clients set one up. The irony is not lost on the profession, but it's common knowledge that financial advisors often lack a concrete, documented plan. Advisors Sports betting debate heats up in Annapolis 03/04/2021 07:56pm • Maryland legislators have begun to discuss regulation of the state’s newly approved legalized sports betting market, which includes mobile wagering. Early debates in both chambers have focused on establishing a license distribution plan that is both equitable and profitable. HB0940, introduc Prince George's Co. demands more help from state to get residents vaccinated 03/04/2021 01:25am • Hundreds of appointments for COVID-19 shots at Maryland's Six Flags America mass vaccination site are being set aside just for Prince George's County residents. But there are calls for the state to do even more to help people who live in the county that has racked up the largest number of coronav Pandemic's Hardships Offer Chance to Improve Education in the U.S. 03/04/2021 12:00am • Nearly a year has passed since the COVID-19 pandemic triggered a massive school shutdown across the United States. In a matter of weeks, more than 100,000 public and private schools were forced to close their doors and suspend in-person learning. The pivot to online at-home learning caused major an Everything You Need to Know About Claiming a Mileage Tax Deduction 03/04/2021 12:00am • Claiming a deduction for business mileage can be a good way to reduce how much you owe Uncle Sam, but the government has tightened up mileage deduction rules in recent years. "They really limited the mileage tax deduction with the Tax Cuts and Jobs Act," says Daniel Laginess, a certified public acc Prince William supervisors approve advertising tax rate that would hike bills 03/03/2021 01:42pm • This article was written by WTOP’s news partner InsideNoVa.com and republished with permission. Sign up for InsideNoVa.com’s free email subscription today. Prince William County supervisors voted to advertise a potential 7% increase in real estate tax bills for county homeowners. The B Q&A: Women and Estate Planning 03/03/2021 12:00am • Financial services firms are missing out on at least $700 billion in revenue each year by not fully meeting women's financial needs. That figure comes from consulting firm Oliver Wyman, which cites finding new clients, developing new products and services and gaining increased market share as reven What if You Can't Pay Your Taxes? 03/03/2021 12:00am • In 2020 approximately 125 million Americans received a tax refund, leaving about 43 million Americans who either broke even or owed money, according to statistics from the Internal Revenue Service. Breaking even -- not receiving a refund -- is actually good. It means you gave Uncle Sam just the righ Best Retirement Planning Tools and Software 03/03/2021 12:00am • If you're looking for ways to track your savings and financially map out your retirement years, there are many digital options available. However, not all retirement planning tools and software are easy to follow. "There are many different types of calculators, including ones designed specifically 5 Student Loan Traps for Nontraditional Students to Avoid 03/03/2021 12:00am • As the financial fallout from the coronavirus pandemic continues, people with unexpected changes in income might look to higher education to set themselves up for a successful career transition. Technical training and other educational programs are attractive to nontraditional students as a way to