Maximize the QBI deduction before it’s gone
The qualified business income (QBI) deduction is available to eligible businesses through 2025.
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New option for unused funds in a 529 college savings plan
With the high cost of college, many parents begin saving with 529 plans when their children are babies.
New option for unused funds in a 529 college savings plan Read More »
Standard Mileage Rates – Increase Announcement
The IRS has released the standard mileage rates for the new year.
Standard Mileage Rates – Increase Announcement Read More »
Don’t overlook taxes when contemplating a move to another state
When you retire, you may think about moving to another state — Don’t overlook taxes when contemplating a move to another state
Don’t overlook taxes when contemplating a move to another state Read More »
Gift Tax Annual Exclusion
By properly using the annual exclusion, gifts to family members and loved ones can reduce the size of your taxable estate, within generous limits, without triggering any estate or gift tax.
Gift Tax Annual Exclusion Read More »
Selling Your Home in 2023: Tax Implications and Capital Gains Explained
If you’re considering selling your property or have recently sold one in 2023, it’s crucial to be acquainted with the home sale tax rules.
Selling Your Home in 2023: Tax Implications and Capital Gains Explained Read More »
That email or text from the IRS: It’s a scam!
It’s a scam! Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS.
That email or text from the IRS: It’s a scam! Read More »
Use an S corporation to mitigate federal employment tax bills
If you own an unincorporated small business, you probably don’t like the size of your self-employment (SE) tax bills. No wonder!
Use an S corporation to mitigate federal employment tax bills Read More »
If you’re hiring independent contractors, make sure they’re properly handled
Many businesses use hiring independent contractors as a way to help keep their costs down.
If you’re hiring independent contractors, make sure they’re properly handled Read More »
4 tax challenges you may encounter if you’re retiring soon
Are you retiring soon? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications.
4 tax challenges you may encounter if you’re retiring soon Read More »