Blog

Ashley Klemann | Jan. 28, 2025

SALT Tax Deduction: Potential Changes and How it Could Impact You

In 2025, there is the potential for major tax reform given Republicans control the House, Senate and White House with…

Sam Johnson | Jan. 14, 2025

The Social Security Fairness Act

On January 5, 2025, President Joe Biden signed the Social Security Fairness Act into law after being introduced by Representative…

Sam Johnson | Dec. 16, 2024

Electric Vehicle Tax Credits for High-Income Individuals and Families

Electric vehicles (EVs) are becoming increasingly more available, and most car manufacturers are building and selling an EV option, ranging…

Charlie Metzig | Dec. 10, 2024

Year End Tax Planning Webinar Recording

Boyum Barenscheer’s tax specialists, Chris Wittich and Greg Carlson give an essential year-end update on critical tax changes and planning…

Ashley Klemann | Dec. 2, 2024

Long-Term Care Insurance: Do you need it?

As people approach retirement, one of their biggest financial concerns is the possibility of needing long-term care. For some, this…

Isabel Wollermann | Nov. 1, 2024

Qualified Charitable Distribution (QCDs): An Overview

A qualified charitable distribution is a transfer of funds from an IRA directly to a charitable organization. QCD’s give taxpayers…

Amy Swenson | Oct. 21, 2024

Support and Guidance for Clients Affected by Recent Natural Disasters

At Boyum Barenscheer, we want to extend our deepest empathy to you during this challenging time. Whether you’ve been affected…

Sam Johnson | Aug. 6, 2024

Understanding the Capital Gain Exclusion on Personal Residences

Homeownership is a primary goal for many Americans, which is why around two-thirds of homes in the US are owner-occupied.…

Greg Carlson | Mar. 25, 2024

The Tax Relief for American Families and Workers Act of 2024 (Update)

The U.S. House of Representatives passed the Tax Relief for American Families and Works Act on January 31, 2024. Since…

Greg Carlson | Feb. 2, 2024

The Tax Relief for American Families and Workers Act of 2024

The U.S. House of Representatives passed this bipartisan tax plan on January 31, 2024. The bill still needs Senate approval…

Andy Muntifering | Dec. 5, 2023

2023 Year End Tax Planning Webinar

In this recorded webinar, our tax team looks into the latest developments pertaining to tax laws and updates that hold…

Barb Sawdy | Oct. 25, 2023

The Social Security Wage Base for Employees and Self-Employed People is Increasing in 2024

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for…