BLOG | Madonna Tax

Johannah Madonna

Dec 29, 20203 min read

CAN I DONATE MONEY TROUGH MY IRA?

Money from your IRA or Individual Retirement Account can be utilized to give to 501 (c) 3 entities. This question has come up several...

Johannah Madonna

Dec 22, 20202 min read

Second Stimulus-$600 Payments

After months of negotiations and proceedings, Congress finally passed another coronavirus relief package totaling $900 billion. The...

Johannah Madonna

Sep 27, 20203 min read

Relief for Taxpayers Taking Retirement Distributions Due to COVID 19

Typically when you make a withdrawal from a 401(k) or an IRA before the age 59 ½ you will be penalized at the rate of 10%. The Internal...

Johannah Madonna

Sep 15, 20203 min read

Tax Scams: Don't be Victim

Thousands of people lose personal data and millions of dollars to tax scams each year, despite the IRS publishing its ‘Dirty Dozen’ list...

Johannah Madonna

Sep 7, 20203 min read

Social Security Taxation

A Closer Look at Social Security Taxation: The Importance of the Combined Income Calculation If you’re concerned about whether – or how –...

Johannah Madonna

Aug 31, 20203 min read

Traditional and ROTH IRA Taxation

The Role of Traditional and Roth IRA Taxation Ask anyone who is putting money aside for retirement what the first thing was that they...