Blog
How 529 Plans Are Taxed for Colorado Springs Families
Quick Answer: Contributions to a 529 plan are made with post-tax dollars, allowing your investment to compound shielded from federal and state...
How Does the Lifetime Learning Credit Work for Colorado Springs Students, Parents, and Professionals?
Quick Answer: The Lifetime Learning Credit (LLC) is a non-refundable federal tax credit worth up to $2,000 per tax return. It’s calculated as...
Should Colorado Springs Homeowners Add A Name To A Deed?
Quick Answer: While it’s mechanically simple to add a name to a deed, doing so during your lifetime is a financial mistake that triggers...
What Is the US Retirement Age Timeline for Colorado Springs Retirees?
Quick Answer: The official US Full Retirement Age is 67 for anyone born in 1960 or later, but true retirement is an 11-to-13-year financial timeline...
Supporting Colorado Springs Charities? How 2026 OBBBA Charitable Giving Contributions Work
Quick Answer: Effective for the 2026 tax year, the One Big Beautiful Bill Act (OBBBA) establishes a new universal deduction allowing non-itemizers...
Calculating Crypto Taxes Simplified For Colorado Springs Investors
Quick Answer: Crypto taxes are calculated by subtracting your cost basis from your gross proceeds for each taxable sale, swap, or purchase made...
How the Secure 2.0 Act Changes Beneficiary IRS Tax Rules For Your Colorado Springs Heirs
Quick Answer: Under the SECURE 2.0 beneficiary IRA tax rules, most non-spouse heirs must fully liquidate an inherited IRA within 10 years, with...
Who Can Claim the American Opportunity Tax Credit? Guidance for Colorado Springs Parents
Quick Answer: The American Opportunity Tax Credit (AOTC) must be claimed by whoever legally lists the student as a dependent on their federal...
Do You Get Better Tax Breaks For Being Married, Colorado Springs Couples?
Key TakeawaysMost married couples lower their tax liability by choosing the Married Filing Jointly status, which preserves access to deductions that...