What Does a Trust Cost?
August 07, 2026Should you put a price tag on a secure future? Is the peace of mind that comes with knowing your legacy is secure worth an exact amount? Rather than just a transaction, consider Estate Planning as a process that comes with certain outcomes. Instead of focusing on the cost of a trust find out why… Read more »
People in Their 30s Don’t Have a Retirement Account
August 06, 2026Save Now for a Better Retirement Later Starting to save in your 30s can roughly double your eventual retirement savings, how do we get that message to people in their 30s. According to an Investopedia analysis of the Federal Reserve’s most recent edition of its Survey of Consumer Finances (2022), about 40% of U.S. households… Read more »
Three Life Events that Cause Your Estate Plan to Be Outdated
August 06, 2026When Life Changes – Review Your Estate Plan Life changes can happen at any time. Being aware of how specific life events can impact your legacy as defined by your estate plan is crucial. An estate plan is not a “Set it and Forget it” type of document. While signing a will or trust feels… Read more »
Tax Relief for IL Taxpayers Affected by Severe Weather
August 06, 2026Penalties and Interest Waived for Taxpayers Affected by Severe Weather in Illinois In July, Governor JB Pritzker and the Illinois Department of Revenue (IDOR) announced disaster tax relief for individuals and businesses in 11 counties affected by severe storms, tornadoes, heavy rainfall, straight-line winds, and flooding between March 10, 2026, and June 21, 2026. This… Read more »
Longer Life Expectancy Means a New Plan
August 06, 2026People are living longer nowadays. According to the Centers for Disease Control and Prevention (CDC), the average life expectancy at birth is 76.5 years for males, 81.4 years for females, and 79 years for both sexes. With medical advances more people are living into their late 80s and 90s than ever before. This is significant… Read more »
Madonia Goes to Blackberry Farm
August 06, 2026Goes To Meet Us at the Farm Inviting families with young children to a fun afternoon at Blackberry Farm. Blackberry Farm is a living history museum where pioneer life is re-created through hands-on fun. Farm highlights include rides on the train, hay wagon, pedal tractors, paddle boats, carousel, and ponies plus visits to the animal… Read more »
Welcome Irina Heyer, CPA
July 20, 2026Welcome Irina Heyer, CPA to our Tax Division It is with great excitement that we announce the addition of Irina Heyer, CPA, to our Tax Division. As we continue to grow our tax clients, we welcome this talented Certified Public Accountant to Anthony J. Madonia & Associates, Ltd. With over 10 years of experience in… Read more »
Red Cards Can Cost More Than A Match
July 08, 2026World Cup Has All Kinds of Penalties Beyond Red Cards, There are Many Monetary Fines From World Cup red card fines to state and federal taxes, the surprise take home from this match might be a bill. Athletes from countries across the globe competing in the World Cup may be going home with an… Read more »
Longer Life Expectancy Means Changes to Retirement Planning
July 07, 2026Flexibility is Crucial in Retirement Planning as People Live Longer People are living longer nowadays. Medical advances mean more people are living into their late 80s and 90s than ever before. A longer life means more years in retirement, and that shift has real consequences on retirement planning. Planning for your life after work is… Read more »
Official Launch of TrumpAccounts.Gov
July 06, 2026Trump Accounts Launch: Official Announcement July 4, 2026 Marks the Launch of Trump Accounts and App On the 250th anniversary of the founding of the United States, the U.S. Department of the Treasury has announced the official launch of the TrumpAccounts app, giving American families a new way to view, manage, and invest in their… Read more »