Year End Tax Planning Tips | Lake Stevens Tax Service

Year-End Tax Tips and Reminders for Individual Tax Payers – 2021

Max out their IRA contributions

Contributions to an IRA are always a good idea for those who are eligible, but there may even be beneficial for tax purposes depending on the type of account. For 2021 and 2022, there is a $6,000 limit on contributions to traditional and Roth IRAs. Those age 50 or older can contribute another $1,000. Contributing to a traditional IRA may also be tax-deductible for those who qualify, which could reduce the amount owed in taxes. Contributions to Roth IRAs are never tax-deductible, and if you make too much money, contributions cannot be made.

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We’re Moving to a New Office

It’s Official… We’re Moving

It is with great pleasure that I write to inform you that on Monday, October 25th, we will open our doors in more spacious and comfortable surroundings. Our new address is 9506 4th St NE, Lake Stevens WA 98258, however, our mailing address P.O. Box 100, Lake Stevens WA 98258, our phone number 425.334.8138, and our contact email address have NOT changed. The new location is between Target and Lake Stevens Transit Station.

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