MFAC Financial Advisors, Inc. and M Freedman & Co., Inc.

-In 2024, due to inflation, your may be lower. Each of the 7 will increase, thus your total tax on the same income will likely be lower. Also, if you use the , that will also be higher, thus reducing your income tax bill.

What Are the Tax Brackets for 2023 and 2024? Find out how much you will owe to the IRS on your income

The Social Security COLA increase has been officially announced. it is going to be 3.2%. So those receiving SS benefits will see their benefits increase by that amount beginning January 2024.
Social Security COLA Set at 3.2% for 2024
aarp.org
Social Security COLA Set at 3.2% for 2024
Cooling inflation brings down annual benefit boost from 2023’s 40-year high

The 2024 Social Security cola adjustment may have inched up to 3.2% as the most recent cost of living numbers increased, according to the Bureau of Labor Statistics.

Final 2024 Social Security COLA Estimate Before the Real Thing: 3.2% Final 2024 Social Security COLA estimate before the real thing increases from 3% to 3.2% based on today’s Consumer Price Index data

Thank you , for mentioning and quoting me in yesterday's article about , in .com. https://lnkd.in/geXrRgsQ

How Interest Income, Dividends, and Capital Gains are Taxed Learn how investment income is taxed in the U.S., including the tax treatment of interest, dividends, and both short-term and long-term capital gains.

I am pleased and honored to have been chosen as a panelist on an podcast titled, . It delves into common methods of exploitation and solutions to prevent elders from becoming victims of and .

Purpose In Action: Accountants building a better world: (005) Protecting older adults from fraud Fraud perpetrated against seniors can cause tremendous harm. But family, friends and accounting professionals can help. Older adults can be inundated with suspicious communications from potential fraudsters these days. That's why this episode is a must-listen for older adults who are worried about b...

may be looking at the highest adjustment in decades. It's too early to know exactly what the number will be, but here are some estimates:

Estimate for 2023 Social Security COLA Benefits Raise The latest data on inflation could translate to an 8-10 percent Social Security benefits increase for 2023 when the COLA is announced in October.

passed and signed the which will provide, over time, big changes to and savings for seniors. The article at this link discusses the provisions in layman's terms:

Changes to Medicare Part D Under New Law The Inflation Reduction Act limits Medicare Part D out-of-pocket drug costs, caps insulin copays and makes vaccines free. Here’s what that means for you.

There are numerous and about . The article in the attached link demystifies them. As it is published by , you can be certain that it is reliable on this subject. bit.ly/3c5LKBP

10 Myths and Misconceptions About Social Security Social Security plays a vital role in the financial health of older Americans, so we checked the accuracy of 10 common myths about the program.

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#083 Financial Elder Abuse with Mitchell Freedman - Talk Wealth to Me This week we touch on a subject that is quite disturbing. Seniors have long been taken advantage of, and quite frankly, are the prey for scams. There are many reasons for this and Mitchell Freedman, a longtime CPA and financial professional, is an...

MFAC Financial Advisors, Inc. and M Freedman & Co., Inc. updated their website address.

"GameStop's Saga: What the Stock's Surge Proves About Financial (il)literacy." I'm pleased to have been mentioned, along with my colleague , in this important article about . I am proud to be a founder and member of the Board of Directors of and I'm ending a two year term chairing the . https://bit.ly/2QHlKEL

GameStop’s Saga: What the stock surge proves about financial literacy The GameStop trading frenzy taught inexperienced investors the wrong lessons about investing, drawing new attention to financial literacy.

I am pleased to have been featured, February 26, 2021, in a article titled, "9 Red Flags That Could Trigger a Tax Audit," by http://bit.ly/37WvIrE

9 Ways You May Trigger a Tax Audit Learn how to protect yourself from audit red flags and strengthen your case if you do hear from the IRS.

Tomorrow, learn how to avoid . Join , , , , and Senior Program Specialist for a free live virtual event. I will be representing . Sign up at: https://vekeo.com/aarpcalifornia/ -33273

and are holding an event, . It is being held Feb. 22, 2021. I'm proud to have been selected as one of the expert panelists. You can sign up for free here: http://bit.ly/2Yk76Uz.

AARP California - With more than 3 million members statewide, AARP CA is committed to being a driving force and a tireless advocate, helping Californians 50-plus and their families live their best lives. In 2016 our efforts continue to focus on establishing AARP … Continued

Are you a , , , or ? Do you advise your clients about their , or ? Your clients are depending on you now more than ever to help them reduce risk and position them for financial success. Join us January 22nd for 's new virtual personal financial planning conference, "ADVI$OR." I am the conference Chair and I can tell you that we have lined-up a stellar faculty of national experts to keep you on top of recent developments. You can find out all about this conference and register at: www.calcpa.org/advisor. Enter my personal promo code, for a $25 discount.

ADVI$OR: Personal Financial Planning Conference Register Now Increase Your Wealth of Knowledge―and Knowledge of Wealth Your clients are depending on you now more than ever to help them reduce risk and position them for financial success. Join us Jan. 22 for our new personal financial planning virtual conference: ADVI$OR. We’ve lined up a stel...

During your Christmas Holiday break from your virtual (or real) office, register for 's . It is THE ( ) conference you don't want to miss, on January 22nd (with a pre-conference workshop on the 21st). for and credit for other credential holders is available. The speakers are an all-star cast and the subject matter will include , , and up-to-date COVID-19 and vaccine material. I truly believe that it will "...provide you with knowledge about wealth and a wealth of knowledge." Read about it and sign-up here: http://bit.ly/3pg4zpU.

Local Event: CALCPA Holds ADVI$OR: Personal Financial Planning Virtual Webcast Check out the latest community post from one of your neighbors. (The views expressed in this post are the author’s own.)

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Post-Election Estate Planning—CalCPA's ADVI$OR PFP Conference Mitchell, with a new presidential administration comes potential sweeping changes to the tax code, which includes overhauling taxes around wealth transfers. Join us at ADVI$OR, our new virtual conference, for a session on Estate Planning After the Election. Jonathan Lurie, Esq., and Bob Birgen, CP...

Come to 's virtual conference, , on January 22nd, with a pre-conference workshop on the 21st. See , , , , & other experts in all aspects of - with a . Subjects are: , , , , , , , and . Please watch my invitation and register from this link: http://bit.ly/3oZNBvQ

California Society of CPAs/CalCPA Education Foundation on LinkedIn: 2021 ADVI$OR: Personal Financial Planning Virtual Conference CalCPA Conference Planning Committee Chair, Mitchell Freedman, CPA/PFS, invites you to our brand-new personal virtual conference, ADVI...

Why did , and others recently sell their ? We can't know for sure, but it could very well have been to save , , and bevy of other taxes as well. There are going to be a good many uncertainties about where income, capital gains, and are headed with the new administration and a possible sweep of both houses of Congress, so proactively doing is well-worth-while. Of course, it's possible that the sellers just wanted to cash in - big time: https://on.wsj.com/3qZ73KX

Bob Dylan’s Catalog Sale Highlights a Tax Advantage for Songwriters Bob Dylan’s song-catalog sale could offer benefits for both the music icon and the company that bought them.

I am pleased to have participated in providing input for this article, titled, , written by . is a serious problem which can can impact , , and issues for individuals and families. https://bit.ly/36Gj0fo

How to help clients dealing with a loved one’s addiction CPAs can help families navigate the financial side of substance abuse.

The has announced that payments for will increase 1.3% in 2021. Many were expecting less due to the low rate of . https://bit.ly/2GUiL7A

Social Security COLA Set at 1.3 Percent for 2021 The Social Security Administration announced an annual cost-of-living adjustment (COLA) of 1.3 percent for individuals starting in January 2021.

Have you or your clients been a ? Watch this , produced in conjunction with and . You don't have to be a to obtain value from this video. I am proud to be a panelist on this timeless video which can help you with both and . https://www.youtube.com/watch?v=SbqrERMpji0&feature=youtu.be

Turbulent Times: Disaster Recovery and Resilience

"Do You Owe the ?" Dont' stick your head in the sand. Deal with it. I was mentioned in this article by from Report: https://bit.ly/3hRKGRZ

Do You Owe the IRS? How to Find Out Here's how to determine whether you owe back taxes and navigate repayment.

"What is an ?" , explains in the business.com article at this link, in which I am quoted: https://bit.ly/2ZxQ7iM

What Is an Income Statement? - business.com An income statement tells you if your business is profitable or losing money after accounting for revenue minus expenses.

Should a care about the ? Yes, because it provides a in time, of the of an enterprise. While is important, all , , and or also matter. Read more in this article, in which I'm mentioned at business.com, by . https://bit.ly/2DvEp0j

What Is a Balance Sheet? - business.com A balance sheet includes information about assets, debt and shareholder equity, giving you a snapshot of your business's performance.

It doens't matter where you live in the world, one can experience , , , , , , , , , and more. Now we can add to the list of , both natural and man-made which can be encountered. Disasters can and do cause both and . are uniquely qualified to guide you through the maze of decisions, paperwork, , , and issues during . CPAs and others should consider attending the webcast, , presented by ( ) and ( ) on . Yours truly is one of the panelists on the webcast. You can for it on the link in the below brochure. https://bit.ly/3ls1ylf.

Turbulent Times: Disaster Recovery and Resilience—Free Webcast Help Your Clients Expedite Financial Recovery Disasters wreak chaos on everything and everyone. CPAs play a crucial role in advising clients or employers to prepare disaster recovery plans and be more resilient. How will financial needs, both immediate and long-term, be met for both a business and f...

Did you make a mistake on your ? Do you have to file an ? Here's an article from , written by , in which my comments were featured several times. Take a look and you may learn a thing or two: https://bit.ly/2DHCZ2M

What If I Made a Mistake on My Taxes? For the first year, the form required to amend your tax return is available online.

You couldn't obtain an ( ) loan, or an ? Where do you turn now? I'm pleased to be prominently featured in this article, written by , illustrating , for businesses impacted by , which cannot obtain . When is at stake, you may find some ideas in this article. https://documentcloud.adobe.com/link/review?uri=urn:aaid:scds:US:3d593096-e435-4835-87a9-9b0393c122bf =3

Adobe Acrobat Adobe Acrobat

Do you wonder how the annual ( ) adjustments are created? It can be a mystery, but here's the answer for you: https://bit.ly/3gRGanf

History of Social Security COLA Increases by Year Learn how the Social Security Administration measures inflation to calculate the annual cost-of-living-adjustment (COLA) for monthly benefit payments.

"Financial Literacy in the Time of the Pandemic" https://bit.ly/2Y0xZwb With lot's of time on your hands this is an opportune time to improve your personal financial literacy. Is there a more important life skill for success and achievement of your goals?

Financial Literacy in the Time of the Pandemic Lack of knowledge increases uncertainty and stress—
unfortunately, many education programs aren’t helping.