Akron Life February 2023

AGENDA

2/3, 2/10, 2/17 & 2/24 Lunchtime Yoga Relax with some beginner-friendly yoga at the Massillon Museum each Friday. Massillon Museum, 121 Lincoln Way E, Massillon. 12:30 1:15 p.m. $6 class, $15 three classes. massillonmuseum.org 2/3-2/25 “Laughter on the 23rd Floor” Catch the Hudson Players performing this play by Neil Simon and directed by Dave Stebbins on select dates. 41 S. Oviatt St., Hudson. 2 or 8 p.m. hudsonplayers.com 2/4 Groundhog Day Meet Terra the groundhog and learn about both the history of Groundhog Day and about groundhogs as a species. William McKinley Presidential Library & Museum, 800 McKinley Monument Drive NW, Canton. 10-11 a.m. mckinleymuseum.org 2/4, 2/11, 2/18 & 2/25 Winery Tours Learn about Gervasi Vineyard’s winemaking facility, then enjoy four wine tastingsand four chef-selected bites. Gervasi Vineyard, the Crush House, 1700 55th St. NE, Canton. 1:30-2:30 p.m. or 3:30-4:30 p.m. $27. gervasivineyard.com

2/4-2/26 “Blueing of the Light: The Gloaming” View this exhibit by Jordi Rowe, with pieces including one made with oil, acrylic, pigment and spray paint on canvas. Massillon Museum, 121 Lincoln Way E, Massillon. Tuesday Saturday 9:30 a.m.-5 p.m. & Sunday 2-5 p.m. massillonmuseum.org 2/5 & 2/19 Healthful Hike Increase your physical and mental well being during these 3.5-, 4- or 7-mile hikes. Pine Hollow, 5465 Quick Road, Peninsula & Kendall Lake, 1000 Truxell Road, Peninsula. 9 a.m.-noon. nps.gov 2/5, 2/12, 2/19 & 2/26 Distillery Tasting Tours Go behind the scenes of the distillery at Gervasi Vineyard during a tour, then enjoy three spirit tastings and take home a shot glass and a salty snack. Gervasi Vineyard, the Still House, 1700 55th St. NE, Canton. 2-3 p.m. $17. gervasivineyard.com

2/10 Galentine’s Day Wine Pairing Celebrate female friendship and enjoy bites like coconut shrimp, braised pork, cheese ravioli and raspberry cream cake, all paired with wine. Gervasi Vineyard, Villa Grande Ballroom, 1700 55th St. NE, Canton. 6-7 p.m. $39. gervasivineyard.com 2/11 Black History Celebration This event highlights Black narratives through living history, music and art. Hale Farm & Village, 2686 Oak Hill Road, Bath. Noon-4 p.m. Free. halefarm.org 2/11 Wine, Cheese & Chocolate, Darling The tasting event is set to feature 55 different wines and a wide variety of cheeses and chocolates from local vendors. Akron Civic Theatre, 182 S. Main St., Akron. 7 p.m. $65. akroncivic.com 2/12 Kent Keyboard Series Check out the fourth concert in this series with a performance by faculty artist Kent McWilliams. Kent Center for the Performing Arts, 1325 Theatre Drive, Kent. 5-7 p.m. kent.edu/music

LAST-MINUTE TAX TIPS FOR FILING 2022 RETURNS

SPONSORED CONTENT

As the deadline for filing 2022 taxes approaches, there are several choices that may help lower your tax bill. The following are examples of strategies that we proactively address with our clients at W3 Financial Group and we recommend that you consult with your tax advisor to determine if they are a fit with your financial situation. Contribute to tax-advantaged accounts. You have until April 18, 2023 to contribute up to $20,500 to your IRA in order to reduce your taxable income. Turn investment losses into tax gains. Tax-loss harvesting allows you to sell investments that are down and replace them with reasonably similar investments, and then use those losses to offset realized investment gains plus up to $3,000 of regular income each year. The end result is that less of your money goes to taxes and more may stay invested. Bunch charitable contributions. Bunching means concentrating charitable deductions in a single year, and skipping the following year, or even several years. If you put your contributions into a donor-advised fund, you can take the charitable deduction in 2022, but spread your giving out over many years. Donate appreciated assets. You can donate appreciated assets held longer than one year to a qualified public charity and deduct the fair market value of the asset without paying capital gains tax. Donate contributions of cash and property. You can deduct cash contributions as well as property up to 60% of your Adjusted Gross Income. The IRS requires documentation, such as a qualified appraisal, for many deductions over $5,000. Looking ahead to 2023. Each person’s tax situation is unique, and inflation adjustments to tax brackets announced by the IRS for 2023 mean people may have more taxable income. So it is important to consider putting together a plan with enough flexibility to meet your financial goals for both current and future years. As always, consult with your tax advisor to construct a plan that works for you. W3 FINANCIAL GROUP  330.867.3578  W3FINANCIALGROUP.COM LAST-MINUTE TAX TIPS FOR FILING 2022 RETURNS As the deadline for filing 2022 tax s approaches, there are everal choices that may help lower your tax bill. The following are examples of strategies that we proactively address with our clients at W3 Financial Group and we recommend that you consult with your tax advisor to determine if they are a fit with your financial situation. Contribute to tax-advantaged accounts. You have until April 18, 2023 to contribute up to $20,500 to your IRA in order to reduce your taxable income. Turn investment losses into tax gains. Tax-loss harvesting allows you to sell investments that are down and replace them with reasonably similar investments, and then use those losses to offset realized investment gains plus up to $3,000 of regular income each year. The end result is that less of your money goes o taxes and mor may stay invested. Bunch charitable contributions. Bunching means concentrating charitable deductions in a single year, and skipping the following year, or even several years. If you put your contributions into a donor-advised fund, you can take the charitable deduction in 2022, but spread your giving out over many years. Donate appreciated assets. You can donate appreciat d ssets ld longer than one year to a qualified public ch rity and deduct the fair market value of the asset without paying capital gains tax. te contributions of cash and property. You can deduct ash contributions as well as property up to 60% f your Adj sted Gross Income. The IRS requires documentation, such as a qualifi d appraisal, for many deductions ver $5,000. Looking ahead to 2023. Each person’s tax situation is unique, and inflation adjustments to tax brackets announced by the IRS for 2023 mean people may have more taxable income. So it is important to consider putting together a plan with enough flexibility to meet your financial goals for both current and future years. As always, consult with your tax advisor to construct a plan that works for you. W3 FINANCIAL GROUP | 330.867.3578 | W3FINANCIALGROUP.COM

Fee-Based Planning offered through W3 Wealth Advisors, LLC, a State Registered Investment Advisor. Third Party Money Management offered through Valmark Advisers, Inc., a SEC Registered Investment Advisor. Securities offered through Valmark Securities, Inc. Member FINRA, SIPC. W3 Global Accounting provides only tax and accounting. W3 Financial Group, LLC, W3 Wealth Advisors, LLC and W3 Global Accounting are separate entities from Valmark Securities, Inc. and Valmark Advisers, Inc. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for accounting, legal or tax advice. The services of an appropriate professional should be sought regarding your individual situation.

16

a k r o n l i f e . c o m | F E B R U A R Y 2 0 2 3

Made with FlippingBook Annual report maker