September 29, 2022 Don’t Forget Estate Taxes During Planning With the current federal estate tax exemption at $12.06 million, you may not be worried about estate taxes. But you … Read More
September 18, 2022 Seller-Paid Points: Can Homeowners Deduct Them? In general, points a BUYER pays in a home sale are a tax-deductible interest expense. But what about SELLER-paid points? Read More
September 7, 2022 Is Your Income High Enough To Owe Two Extra Taxes? There are two special taxes that may have a significant effect on the tax bills of high-income folks: the 3.8% … Read More
August 30, 2022 The Inflation Reduction Act: What’s In It For You? If you’re purchasing solar or an electric vehicle, you may qualify for a tax break under the new Inflation Reduction … Read More
August 23, 2022 Do You Qualify For Home Office Deductions? Many people started working from home during the pandemic and have continued working out of home offices. Some of them … Read More
August 17, 2022 An “Innocent Spouse” May Be Able To Escape Tax Liability There may be “innocent spouse” relief to protect the spouse who is unaware of all the income of the other … Read More
August 15, 2022 The Inflation Reduction Act: Tax Provisions The Inflation Reduction Act is about to become law. Learn how its tax provisions might affect you. Read More
August 11, 2022 Estimated Tax Payments: Who Owes Them And When Is The Next One Due? Self-employed taxpayers make quarterly estimated tax payments. But even if you’re not self-employed, you may make them to avoid a … Read More
August 2, 2022 Is Your Withholding Adequate? Here’s How To Check A big tax bill may mean you don’t have the right amount of tax withheld from your paycheck. Here’s how … Read More
July 27, 2022 How To Avoid The Early Withdrawal Tax Penalty On IRA Distributions If you take money out of your traditional IRA before age 59½, you’ll have to pay a penalty. But there … Read More
July 21, 2022 The Kiddie Tax: Does It Affect Your Family? Do your children have investment income? They may owe “kiddie tax.” Here are the basic rules and regulations. Read More
July 18, 2022 Interested In An EV? How To Qualify For A Powerful Tax Credit Many people are thinking about buying electric vehicles because of the many benefits. Check out the federal tax break that … Read More
