Tax Saving

Solana Foundation distributes the Solana tokens for strengthening

Solana Foundation distributes Solana tokens to strengthen the ecosystem In the modern world of blockchain technologies and cryptocurrencies, projects strive to attract users and develop their ecosystems by offering innovative approaches to stimulating activity. One of these projects is Solana, a high-performance blockchain that gains the trust of the community due to its speed and…

Tax Resolution Services: Get Expert Help from Novicta Tax Enrolled Agents

Tax Resolution Services: Get Expert Help from Novicta Tax Enrolled Agents

Dealing with tax issues can be overwhelming and stressful. Whether you owe back taxes, are facing an audit, or have other tax-related problems, it’s essential to seek professional help. Novicta Tax is here to assist you with their experienced Enrolled Agents who specialize in tax resolution services. What is Tax Resolution? Tax resolution is the…

Tax & Financial

IRS Penalties and Interest

If you earn income, you’ll owe taxes to the U.S. government and possibly your state and local governments. If you don’t pay enough tax, you may be charged with an underpayment penalty, also referred to as an estimated tax penalty. Knowing your deadlines and responsibilities when paying and filing taxes IS CRITICAL to SAVING taxes. Penalties…

What is IRA

What is IRA

What is an IRA? An individual retirement account (IRA) is a retirement savings account that offers tax breaks. It allows contribution with tax-free growth or on a tax deferred basis. How Many types of IRAs? There are two types Traditional and Roth IRA.  1-Traditional IRAs-  You can make pre tax contributions and earnings on Investments can grow tax deferred…

Backdoor Roth IRA
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Backdoor Roth IRA

What Is a Backdoor Roth IRA? A backdoor Roth IRA is a strategy rather than an official type of individual retirement account. It is a technique used by high-income earners—who exceed Roth IRA income limits—to convert their traditional IRA to a Roth IRA. Depending on your age, you can make a contribution of  either $6000 or $7000 into…