Last year, the new tax deduction for taxpayers 65 and older was sometimes referred to as “no tax on Social Security.” In actuality, this up-to-$6,000-...
What’s the right entity type for your new business?
Start-ups must choose a legal entity for their business activities. The type of entity you select affects how the business is taxed and who may be hel...
When the sale of an appreciated home triggers taxes — and when it doesn’t
Home values have risen significantly in many areas of the country over the last several years, leaving some homeowners with substantial gains when the...
Do you operate a side gig in addition to your regular day job? Whether you’ve turned a love for crafting into an online store or you play the guitar a...
Even with a relatively low unemployment rate (averaging around 4.4% over the past year), layoffs and terminations continue to affect workers across ma...
Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also can apply to full-time stude...
If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick overview of t...
Summer’s for vacation — encourage your workers to take one
Ahh, summer! You’re probably looking forward to time off from work — anything from a long-anticipated trip abroad to a U.S. road trip to a “staycation...
Should you make after-tax, non-Roth 401(k) contributions?
If you participate in a company 401(k) plan, you already know that you can make pre-tax contributions up to the annual elective deferral limit to a tr...
If you’re seeking financing to start or grow a small business, don’t forget to look at loan programs through the U.S. Small Business Administration (S...
Protect yourself from fraudsters impersonating the IRS and other tax scams
Tax scammers continue to target taxpayers through email, text messages, phone calls and regular mail. They often try to create urgency or fear to tric...
Consider your potential charitable deduction before donating artwork
If you give artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how...
