Financial Education for Colorado Educators (and those they love). Absolutely Free.
This post is about Colorado HB23-1272 which has passed the Colorado legislature and is awaiting the Governor's signature. Like most bills, this one is complex (77 pages long) and filled with legislative and legal jargon. As a result, the following is my current interpretation of some of the provisions in this bill but it is … Continue reading Coloradans Should Buy an EV
This post is mostly for me, as I need a place to refer folks to in the financial literacy for teachers class I teach for basic questions about taxes (and perhaps it could be useful for others as well). While there are a plethora of resources about taxes out there, I needed something that just … Continue reading Taxes For Teachers 101
Correction 1-21-23: The original version of this post contained a mistake. The credit rate (50%, 20%, 10%) only applies to the first $2,000 you contribute to a qualified plan. Amounts above $2,000 don't get the credit. In the original post, I assumed that as long as the credit rate times the amount contributed didn't exceed … Continue reading Saver’s Credit: An Overlooked Tax Credit for Many Beginning Teachers
When many financial folks talk about spending they often mention the three "big rocks" of food, shelter, and transportation. That's not to say that the rest of your spending isn't important, it is, but if you get the three big rocks right (or wrong) they will have a much larger impact on your financial well … Continue reading Taking Advantage of the Enhanced EV Tax Credit
Last week Congress passed - and the President signed - the Consolidated Appropriations Act of 2023 (pdf). This is the huge omnibus spending bill that funds the government, but also includes many changes to retirement accounts that were originally knows as the Secure Act 2.0. Jeffrey Levine does his usual wonderful, incredibly in-depth job of … Continue reading Some Notable Retirement Account Changes
As we are about to turn the page (click the arrow?) on the calendar to move into 2023, there are many changes that happen around taxes. These include tax bracket changes, changes in the limits of what you can contribute to various retirement accounts, and a variety of other changes. The following is by no … Continue reading 2023: New Year, New Limits
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