The Blog at ​​​Wiegand Financial

Who’s afraid of the Big Bad Fed?

Last week the Bureau of Labor Statistics released the inflation numbers for January 2022. At an eye-popping 7.5% (annualized), last month’s inflation rate is the highest in 40 years. Ouch.

So now everyone’s talking even more about the prospect Read more

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Is a tax deduction or a tax credit better?

tax credits are direct savings, while tax deductions just reduce your taxable income
Tax deductions and tax credits will both save you money... but there is a big difference between the two Read more
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Your HSA could be your secret weapon

Need more tax advantaged savings accounts? Meet the HSA, your new best friend.

For those who are looking for tax shelters in addition to IRA’s or 401(k)’s, I encourage you to consider an HSA, a Health Savings Account. HSA’s Read more

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