Aug 18, 2023: How Retirement Income Gets Taxed
Savers love tax-deferred retirement accounts like 401(K)s and traditional IRAs... What they tend to forget is that they will pay taxes down the line when they retire and start taking withdrawals...
Aug 18, 2023: Four Income Tax Breaks for New Parents
You just welcomed a new bundle of joy into the world. But once the euphoria has worn off, you’ll start to realize—if you haven’t already—that kids are expensive...
Aug 18, 2023: The 5 Biggest Mistakes People Make When Picking a Medicare Plan
Medicare can be confusing—so many choices, so much jargon. But it pays to do a little homework and pick the plan that’s right for you.
Feb 22, 2023: News You Can Use - Mileage and Expense Log
In order to be a deductible, business expenses for travel, lodging, and meals must be ordinary and necessary....
Dec 19, 2022: Charitable Contributions Recordkeeping Requirements
If you plan to include your charitable deductions on your tax return for 2022, you will find this handout provides a useful summary of your recordkeeping requirements.
Nov 28, 2022: Wash Sale Rules for Stock Traders
Do you trade Stocks? If you do, you need to be aware of the Wash Sale rules. What are the “Wash Sale rules” you ask? A wash sale is when you sell or trade stock or securities at a loss and within 30 days before or after the sales you buy ..
Aug 24, 2022: Taxpayer advocate appeals IRS decision to delay scanning tech
National Taxpayer Advocate Erin Collins is protesting a decision by Internal Revenue Service officials to postpone implementation of scanning technology by next tax season to deal with a backlog of millions of paper tax returns.
Aug 16, 2022: Inflation Reduction Act impacts Tax Credits for EV Buyers
The Inflation Reduction Act made changes to the tax credits available for the purchase of Electric Vehicles. There is now a limitation on the $7,500 credit to only those cars assembled in the U.S. In addition, if the manufacturer has ...
Jul 30, 2022: Winner Of $1.28 Billion Lottery Gets $433.7 Million After Tax
Someone in Illinois bought the winning ticket, and if he or she does like most winners, they will take the lump sum, not the annuity. The $1.28 billion prize, which is the second-largest jackpot in Mega Millions lottery history, can be...