Marginal vs. Effective Tax Rates Understanding marginal and effective tax rates are important for tax planning purposes; however, many taxpayers don’t fully understand the differences. Let’s take a closer look: Marginal Tax Rate The United States has a progressive tax system. The more money you earn, the higher your tax rate is and the more…
E-Signatures Extended for Many Tax Forms To help reduce the burden to taxpayers brought about by the coronavirus pandemic, the use of electronic or digital signatures on certain paper forms they normally cannot file electronically has been extended through December 31, 2021. Let’s take a look at what this means for taxpayers: Types of acceptable…
If You Receive an IRS Letter or Notice The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without calling or visiting an IRS office. Here’s what you need to know about IRS notices and letters: Reasons You Might Receive…
Use These Strategies To Pass on Wealth to Heirs Individuals with significant assets should take advantage of proven tax strategies such as gifting and direct payments to educational institutions to transfer wealth to heirs tax-free, as well as minimize estate taxes. Additional opportunities are available as well, thanks to low-interest rates and a volatile stock…
EBENSBURG – Those looking for a break outdoors at Duman Lake County Park can now have internet access in the event of an emergency or if they’d like to take their at-home work outdoors for the day. On Friday, Cambria County Commissioners, along with representatives of local politicians’ offices and county offices, and In the…
HOLLSOPPLE, Pa. – The Community Foundation for the Alleghenies has exceeded $100 million in total assets and announced more than $1 million in new grant awards. More than $88 million of the CFA’s total assets are invested in funds that will continue providing grants to address the needs of the region, theoretically forever, CFA President…
Christian Beabes, 34, moved from California to the Johnstown area in June. Although she spent most of her adult life in California, the house she purchased in Geistown belonged to her grandfather. She is part of a trend. Demand for Johnstown’s housing stock has been building for a year, with Realtors seeing no signs of…
PowerPoint Presentation Watch our Business & Accounting webinar that discusses the changes for the remainder of the year with tax credits, W-4 changes, and COBRA Coverage. If you have any additional questions feel free to reach out to your Wessel professional or contact us at (814) 536-7864.
The 68th Sunnehanna Amateur Tournament for Champions will bring a field of 101 golfers to the Westmont course, including defending champion Preston Summerhays. The tournament will begin Wednesday and conclude on Saturday at the par-70 Sunnehanna Country Club. Summerhays shot a final-round 5-under 65 to finish with a Sunnehanna Amateur record-tying 14-under 266 – matching…
With so many different sides to it, Pennsylvania really is a treat to travel around and surely has something for everyone to enjoy. While its big cities of Pittsburgh and Philadelphia bustle with life, countless small towns in Pennsylvania can be found tucked away among the fertile farms and fields of Amish Country or the stupendous scenery…