Carry Learning Center

Running your own business often means balancing daily operations with long-term financial security. Retirement planning can easily take a back seat, yet the Solo 401k provider you choose could shape how flexible, cost-effective, and efficient your plan becomes. This review takes a closer look at Nabers Group’s Solo 401k in 2025. You’ll learn what the plan [...]

The IRS has significantly expanded its free email newsletter offerings, now providing over 20 specialized subscription options to help taxpayers stay current on tax law changes, filing requirements, and important updates. These e-News subscriptions cover everything from basic tax tips to specialized guidance for business owners, tax professionals, and specific industries affected by recent legislation. The [...]

Choosing the right Solo 401k provider matters when you want more control over your retirement savings. RocketDollar is one option that has gained attention for its focus on investment flexibility and its simplified approach to account management. In this 2025 review, we’ll cover RocketDollar’s Solo 401k features, benefits, and pricing. You’ll also see who the plan [...]

Starting a Solo 401k is a big step toward building your retirement savings. The next challenge is keeping your plan compliant with IRS rules. That means knowing which tax forms apply and when they’re due. Even a small oversight could lead to avoidable penalties, so it’s worth learning the basics before filing season arrives.  In this [...]

Opening your first 401k is a big step toward building your retirement savings. The decisions you make in the early days can set the tone for how your account grows over time. You don’t need advanced investing skills to get started. What matters most is making a few smart choices right away. This guide covers practical [...]

The IRS announced penalty relief for employers struggling to comply with new reporting requirements for cash tips and overtime pay under recently enacted federal legislation. For the 2025 tax year, employers will not face penalties for failing to separately report cash tips, employee occupations, or qualified overtime compensation on tax forms. This transition period recognizes that [...]

Giving through your retirement savings can be a rewarding way to support causes you care about, while also unlocking potential tax benefits — if it’s done correctly. The most common tax-friendly method, the Qualified Charitable Distribution (QCD), is available only through IRAs, not directly from Solo 401k plans.  That doesn’t mean Solo 401k owners are out [...]

Prices keep climbing while paychecks feel stuck — and for millions of Americans, “retirement” is starting to look more like working longer, cutting back, or leaning heavily on Social Security. About 20% of adults age 50 and older report having no retirement savings, showing just how common it is to start late or not start at [...]

Looking for ways to maximize your retirement savings?  If you are a technology consultant and operate your own consulting business without full-time employees, a Solo 401k might be an excellent fit. Solo 401ks provide self-employed professionals with higher contribution limits and tax benefits compared to many other retirement plans. This can be especially useful for technology consultants [...]

The IRS has established a comprehensive Taxpayer Bill of Rights that outlines 10 fundamental protections designed to ensure fair treatment and transparency for all taxpayers. These rights, codified in IRS Publication 1 and under Internal Revenue Code §7803(a)(3), are intended to safeguard individuals and businesses throughout any interaction with the nation’s tax collection agency. The bill [...]

Are you a general contractor managing your own business and looking for a smarter way to save for retirement? If you’re self-employed without full-time employees (other than a spouse, if applicable), a Solo 401k might be a valuable retirement savings option for you. (function(d,u,ac){var s=d.createElement('script');s.type='text/javascript';s.src='https://a.omappapi.com/app/js/api.min.js';s.async=true;s.dataset.user=u;s.dataset.campaign=ac;d.getElementsByTagName('head')[0].appendChild(s);})(document,239363,'ckhizz00xjzup7eks4ph'); Solo 401ks offer higher contribution limits than many other retirement accounts and [...]

In 2025, more investors are stepping outside the traditional stock-and-bond playbook. From high-net-worth individuals to everyday retirement savers, interest in alternative assets is no longer limited to large institutions.  The search for diversification, new sources of income, and inflation protection is drawing attention to private credit, real assets, and other non-public market opportunities. This article cuts through [...]

The IRS has issued new guidance clarifying that the Form 1099-K reporting threshold has been restored to $20,000 and 200 transactions. This reverses earlier plans to lower the threshold under phased rollout guidance. The change stems from the One, Big, Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, which applies retroactively to [...]

The IRS released new guidance limiting Employee Retention Credits (ERC) for businesses that filed claims for the third and fourth quarters of 2021 after January 31, 2024. The guidance, outlined in Fact Sheet 2025-07, addresses restrictions enacted under recent legislation known as the One, Big, Beautiful Bill. Under these new rules, businesses that submitted ERC claims [...]

The IRS has issued guidance for a new tax benefit that allows individuals to deduct interest paid on car loans for qualifying new vehicles. This update stems from the One, Big, Beautiful Bill Act (H.R. 1), which established the new personal car-loan interest benefit referenced by the IRS. IRS Notice 2025-57 (IR-2025-105, Oct. 21, 2025) provides transitional [...]

The Internal Revenue Service (IRS) has experienced significant leadership transitions and operational shifts over the past three years, including recent workforce adjustments under the current administration. Danny Werfel took over as IRS Commissioner in April 2023, replacing Charles Rettig, who completed his term after overseeing the agency through unprecedented pandemic relief efforts. During Rettig’s tenure, the [...]

The Internal Revenue Service (IRS) reminded taxpayers today that those who filed extensions for their 2024 tax returns must submit their filings by October 15, 2025—tomorrow at midnight. In a statement released October 14, 2025, the agency clarified that the ongoing federal government shutdown does not alter existing tax filing obligations or statutory deadlines. The IRS [...]

The Internal Revenue Service on October 8, 2025, issued Revenue Procedure 2025-32, announcing inflation adjustments for tax year 2026 that include higher standard deductions and updates to more than 60 tax provisions. For most taxpayers, the headline change is the increased standard deduction. Married couples filing jointly will see their standard deduction rise to $32,200 in [...]