Posts by Chelsie Smith
2021 Turkey Trot
Thursday, November 25, 2021 – Thanksgiving Day! Join us for the 2021 Turkey Trot 5K Fun Run on Thanksgiving morning! Work up an appetite before the feast! Leonard Rickey Investment Advisors sponsors this event, and we invite you to help raise money to support Camp Prime Time and the Yakima Greenway. Prizes will be given for…
Read MoreWhat is my Tax Bracket?
We often hear the question, “what is my tax bracket?” Generally, a tax bracket is the income tax rate at which a taxpayer is taxed for a certain range of income. The income ranges vary, depending on filing status. We will look at the difference between marginal tax rate and effective tax rate. Marginal Tax…
Read MoreChild Tax Credit Monthly Payments starting July 15th
The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly Child Tax Credit payments starting in July. The American Rescue Plan Act authorized the expanded and newly-advanceable Child Tax Credit in March. The letters go…
Read MoreWashington State Long Term Care Payroll Tax
Washington state passed a new law that aims to provide long-term care (LTC) coverage to residents starting in 2025. To pay for this benefit, you will see a new Washington state long term care payroll tax starting in 2022. There is a one-time option to opt out, but you must take action now! To opt…
Read MoreTeaching Your Older Children About Money
Last month, we looked at ways to start teaching younger children about money and how to handle it wisely. This month, we will look at ways to teach older children about finances, including savings, budgeting, and credit. Below are some additional steps parents can take to help their children build a solid financial base. Earning…
Read MoreTeaching Your Children About Money
Even before your children can count, they already know something about money: it’s what you have to give the ice cream man to get a cone or put in the slot to ride the rocket ship at the grocery store. Every parent wants to raise their children to be responsible, including with finances. So, as…
Read MoreWashington State’s New Capital Gains Tax
Washington State’s first capital gains tax has been signed into law and is slated to go into effect at the beginning of 2022. So, what does this mean for Washington State Residents? This means that Washington state residents pay tax at 7% on the sale of stocks, bonds, and other capital assets over $250,000. The…
Read MoreHave you Checked your Credit Report Lately?
If you haven’t checked your credit reports lately, now is a great time. Due to the Coronavirus Pandemic, credit monitoring companies Equifax, TransUnion, and Experian offer free credit reports weekly through April 20, 2022. Before the pandemic, you could check your credit report once per year for free. While checking your credit report weekly may…
Read MoreSpring Clean Your Documents
With Shred Day approaching and in the spirit of spring cleaning, we wanted to share some tips on organizing your files. Remember to dispose of your documents securely. Below is a summary of the key documents to keep and for how long: Income Tax Returns: Keep at least three years of state and federal tax…
Read MoreHappy Retirement!
We want to wish our fantastic Client Service Representative, Debbie Risk, a very happy retirement! Debbie’s last day with us was Friday, March 12th. We wish her the best! When you visit the Richland office, you will now be greeted by our newest Client Service Representative, Jacqueline Cremen.
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