Posted on August 2, 2025

The OBBBA law is long, but the IRS has summarized some of the most significant provisions: No tax on tips Effective for 2025 through 2028, employees and self-employed individuals may deduct qualified tips received in occupations that are listed by the IRS as customarily and regularly receiving tips on or before December 31, 2024, and… read more

Posted on August 1, 2025

Congratulations to Rosalyn Carothers — JD ’85, ’90 – on her new position as Chair of the University of Louisville Alumni Board of Directors.  Active as a board member since 2019, Roz will lead the Board of Directors for a two-year term. The Board is a representative group of Louisville Alumni’s members, serving as their… read more

Posted on July 3, 2025

ON A PERSONAL NOTE: Visitors to our office often comment on the cast iron Scottie dog statues. While our Scottie dogs do not come to our office, we share a special fondness for animals—especially our two Scotties named Wooster and Bertie. Recently, we all traveled to Wisconsin to attend the Door County Scottie Rally, an… read more

Posted on July 3, 2025

When setting up your retirement plan, it’s helpful to avoid common mistakes that can diminish your savings and impact your future. Planning carefully for your budget and lifestyle needs increases your chances of enjoying a comfortable retirement. Below are some common missteps to watch for. Starting to save too late: Delaying retirement savings can make it… read more

Posted on July 2, 2025

Exploring the outdoors offers numerous health benefits and a chance to enrich your retirement through new adventures. Whether you’re walking, hiking, cycling or driving, staying active helps combat the risks of inactivity and isolation, while fostering self-discovery and fulfillment. Activities such as gardening, hiking and sports improve mobility, balance and strength while connecting you with… read more

Posted on July 1, 2025

Many people believe that their medical expenses in retirement will be fully covered by Medicare; however, that is not how Medicare works for most people. Individuals are still responsible for premiums, deductibles, coinsurance and copays. Additionally, Medicare does not cover routine vision, hearing and dental care; health care while traveling outside the U.S.; private-duty nursing;… read more

Posted on June 5, 2025

The University of Louisville recently celebrated the official launch of A New Legacy: Women in Philanthropy at U of L, a powerful initiative that unites passionate individuals to support groundbreaking ideas and experiences for our students and community. Roz Carothers (pictured here) was proud to take part in the inaugural luncheon and serve as the… read more

Posted on June 5, 2025

In Rev. Proc. 2025-19, released in May 2025, the IRS announced the following changes to HSAs. HSA Inflation Adjusted Items. For calendar year 2026, the annual limitation on deductions for an individual with self-only coverage under a high deductible health plan is $4,400. The annual limitation on deductions for an individual with family coverage under a… read more

Posted on June 4, 2025

A 529 plan, operated by a state or educational institution, comes with tax advantages and potentially other incentives to make it easier to save for: College and other postsecondary training Tuition in connection with enrollment or attendance at an elementary or secondary public, private or religious school for a designated beneficiary There are two basic… read more

Posted on June 3, 2025

According to the U.S. Bureau of Labor Statistics, by 2033, about 30% of Americans aged 65 to 74 are expected to still be in the labor force, while approximately 10% of those aged 75 and older are expected to continue working. What are some reasons people choose to work after retirement? A study by the… read more