Thor Group Inc.

05/26/2021

Roth IRA vs. Traditional IRA and what you need to know between the two.

Is a Roth IRA conversion right for you? Answer a few quick questions and see next steps, depending on your personal situation and financial goals.

05/25/2021

Should You Choose a Kids’ Savings Account or a Custodial Account?

For parents who want to teach their kids about money and financial literacy, one of the best things to do is to help your child open a savings account. Many banks and credit unions offer special savings accounts for kids that can be opened under the child’s name. Opening a kids’ savings account ...

05/24/2021

In case you missed anything, here a list of the five most important scam resources you should know about:
https://blog.ssa.gov/top-5-scam-resources-you-need-to-know/https://blog.ssa.gov/new-wage-reporting-application/

Earlier this month, we hosted our second annual National “Slam the Scam” Day to raise awareness of government imposter telephone scams. In case you missed anything, we put together a list of the five…

05/21/2021

The IRS expects you to file taxes if you’re an American citizen or green card holder living or working abroad. You’re required to file IRS Form 1040 if your worldwide income is above a certain threshold. This figure is a combination of your US and foreign earnings. You can reduce your tax obligation through benefits such as the Foreign Earned Income Exclusion (FEIE) and the Foreign Tax Credit.

Hiring a professional tax preparer that's conversant with expatriate taxation helps reduce your tax burden.

05/20/2021

Your teens probably think that they know everything and also likely tell you so daily. However, it’s a safe bet your kids haven’t learned all they need to know about a vitally important topic: credit. Here’s what you need to make sure your teenagers understand about credit.

Your teens probably think that they know everything and also likely tell you so daily. However, it’s a safe bet your kids haven’t learned all they need to know about a vitally important topic: credit. Here’s what you need to make sure your teenagers understand about credit. They’re Probably ...

05/19/2021

Parents get a maximum $3,600 credit per child under 6 and $3,000 for those ages 6 to 17.

The latest stimulus expanded the Child Tax Credit: More families qualify to receive more money. Use our calculator to see how much you could get in 2021.

05/18/2021

Many aren’t saving what they should, but it's not all bad news.

With the shift away from pensions, workers are becoming more responsible for their own retirement needs. Unfortunately, many are falling short.

05/17/2021

Open a Roth IRA and take advantage of after-tax benefits as you save for retirement.

Get a clear explanation about making a Roth IRA withdrawal. See tax implications and penalty details, which vary depending on your age.

05/14/2021

Beginning to build your credit?

If you don't have a credit score yet, try these simple suggestions and get your credit started on the right path.

05/13/2021

Setting up an online tax account with the IRS is a great way to obtain your tax documents without having to contact the agency by phone or mail. This feature allows you to log into an account and check payment balances, set up payment arrangements and view prior-year tax returns and reported tax forms.

05/12/2021

American families are set to receive a more generous child tax credit for 2021.

In July, the IRS will begin sending monthly payments of $250 or $300 to low- and moderate-income families who qualify for the child tax credit.

05/11/2021

The 2021 tax season heralds big changes surrounding stimulus payments and unemployment income.

If you didn’t receive your Economic Impact Payments (aka stimulus checks), you can claim them on your 2020 tax return through the Recovery Rebate Credit. The credit will either increase your tax refund or reduce the amount you owe (and the credit will apply to both the first and second stimulus payments).