Blog

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…

Greg Carlson | 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…

John Csargo | Aug. 29, 2023

Mandatory Roth Catch-Up Provision Delayed until 2026

The IRS granted an administrative transition period via Notice 2023-62 that extends until 2026 the new requirement per the SECURE…

John Csargo | Aug. 18, 2023

2023 Minnesota Tax Rebate Payments

Minnesota has introduced a one-time tax rebate payment, ranging up to $1,300. These payments are set to be disbursed from…

John Csargo | Aug. 16, 2023

Minnesota Special Property Tax Refund

The Minnesota legislature retroactively passed legislation that provides a refund if your property taxes increased by 6%. This provision has…

John Csargo | Jul. 12, 2023

How to Update Your Tax Information for Fall Tax Rebates

The Minnesota Department of Revenue has launched an online portal for taxpayers who need to update their address or bank…