January 9, 2024 The Kiddie Tax Could Affect Your Children Until They’re Young Adults Do you consider 21- or 22-year-olds to be kids? For purposes of the “kiddie tax,” they might be. Here are … Read More
January 9, 2024 It’s Possible To Claim A Medical Expense Tax Deduction Out-of-pocket medical expenses can cost you a bundle. Can you deduct these expenses on your tax return? The requirements and … Read More
December 27, 2023 Don’t Overlook Taxes When Contemplating a Move to Another State Are you dreaming of retiring to another state to escape cold weather or to be close to loved ones? Before … Read More
December 21, 2023 Using The Personal Touch for Last-Minute Fundraising With only a few days to go in 2023, your nonprofit is probably making its last-minute fundraising appeals. Now’s the … Read More
December 21, 2023 Court Awards and Out-of-Court Settlements May (or May Not) Be Taxed You want the best tax result possible if you’re set to receive a personal injury or discrimination settlement or award. … Read More
December 20, 2023 The “Nanny Tax” Must Be Paid For Household Workers In 2023, if you pay a household worker cash wages of $2,600 or more, you must withhold and pay Social … Read More
December 5, 2023 4 Ideas That May Help Reduce Your 2023 Tax Bill Before you know it, 2024 will be here. But until then, there may still be time to reduce your 2023 … Read More
November 28, 2023 Key 2024 Inflation-Adjusted Tax Amounts For Individuals Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments. The … Read More
November 16, 2023 11 Exceptions To The 10% Penalty Tax On Early IRA Withdrawals If you need cash, you may want to tap your traditional IRA. But if you’re not yet 59½, you may … Read More
November 16, 2023 The 2024 Cost-of-Living Adjustment Numbers Have Been Released Take these 2024 cost-of-living adjustments into consideration as you work on your year-end tax planning. Read More
November 9, 2023 What You Need To Know About Restricted Stock Awards And Taxes Perhaps you receive executive compensation in the form of restricted stock awards. Here’s how these awards work, how they’re restricted … Read More
November 1, 2023 Contributing To Your Employer’s 401(k) Plan: How It Works Does your employer offer a 401(k) plan, but you haven’t started participating? Here are the basic features of these plans … Read More
