240-428-1622 | info@shermanwealth.com

Taxes

Financial Planning Information

Sherman Wealth Management provides you with relevant financial planning information to give you the resources you need to make informed choices. Read through our posts below and contact us to set up a free call for more information on creating a custom financial plan.

March 6, 2018

A New IRS Withholding Tax Calculator Eliminates the Guesswork

Last week, in response to confusion surrounding the 2018 tax law that was passed in December, the IRS released an updated online Withholding Calculator. The tool is designed to help taxpayers make sure they are not wildly underpaying or overpaying what they will owe. The new law is highly complex and made changes that included […]
September 29, 2017

How Will The Proposed Tax-Plan Affect You?

On Wednesday, the Trump Administration released their nine-page tax plan titled “United Framework for Fixing Our Broken Tax Code.”  That’s a mouthful.  The full text of the plan can be found here.  So how will the proposed tax-plan affect you? The reviews are in, and they suggest that while the plan is considered “finalized,” there is […]
March 29, 2016
actively managed

Don’t Expect to Win With Actively Managed Funds

This article was originally published on NerdWallet.com Trying to pick individual stocks is a losing game, and this doesn’t just apply to individual investors. It’s also true for professionally run, actively managed mutual funds. Actively managed funds are tasked with picking a collection of stocks and bonds that will outperform market indices, or benchmarks, such as […]
March 9, 2015

Why Reducing Your Tax Refund is a Good Thing

With tax day fast approaching, many people are counting on receiving a big check back from the Government. While you’re probably looking forward to this windfall, there are reasons why you may wish to minimize your end-of-year refund. Why Big Refunds are Bad Taxes are refunded to you when the Government takes too much of […]