February is usually the coldest month of the year and the midpoint of winter. Many of us have received year-end documents from our employers, banks and charities and are immersed in preparing to file our tax returns. Those who are anticipating tax refunds may be thinking about how they will use that money. With tax season in full swing, we offer a tax-themed issue of Tomorrow.
Part 2 of our series, “How to Choose a Tax Professional,” provides more insight into the do’s and don’ts of choosing a tax professional. “Financial Fact: How Long Should You Keep Certain Papers?” unpacks which documents to store for tax purposes and more. In “Wise Ways to Use your Tax Refund,” we offer guidance on practical ways to utilize your tax refund.
We take a closer look at one of the ways parents may consider using their tax refunds -- saving for their children’s college education. In “Saving for College 101: 529 Plans and More - Part 1,” we share the ABCs of preparing to pay for your child’s higher education.
Owning an energy-efficient vehicle can provide tax benefits. See our article “Which is Right For You? Hybrid or Electric Car,” to learn about the differences between electric and hybrid cars.
We are in a season when challenges weigh on the economy, whether it's inflation, the war in Ukraine or the Federal Reserve’s interest rate hikes to combat inflation. Nevertheless, the Bible offers us encouragement for seasons like this: “Let us not grow tired of doing what is right, for we will reap at harvest time, if we do not give up. So then, whenever we have an opportunity, let us work for the good of all and especially for those of the family of faith.” (Galatians 6:9-10, NRSV)
In this and all seasons, we at MMBB are honored to guide you through the ebbs and flows of your financial journey. As we embrace the season of Lent, may you experience the renewal of faith, hope and love that the Lenten season brings.
Sincerely,
Louis
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Translations of any materials into languages other than English are intended solely as a convenience to the non-English-reading public. We have attempted to provide an accurate translation of the original material in English, but due to the nuances in translating to a foreign language, slight differences may exist.
Las traducciones de cualquier material a idiomas que no sean el inglés son para la conveniencia de aquellos que no leen inglés. Hemos intentado proporcionar una traducción precisa del material original en inglés, pero debido a las diferencias de la traducción a un idioma extranjero, pueden existir ligeras diferencias.
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