Factor in Taxes if You’re Relocating to Another State in Retirement
Are you considering a relocating to another state when you retire? Perhaps you want to relocate to an area where your loved ones live or where the […]
What to Know About Participating in a 401(k) Plan
Employers offer 401(k) plans for many reasons, including to attract and retain talent. These plans help an employee accumulate a retirement nest egg on […]
Tax Ramifications of Having a Household Worker
Have you heard of the “nanny tax?” Even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener […]
Tax Effect of Renting Out Your Vacation Home
If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the […]
Tax Implications of Donating Artwork to Charity
If you own a valuable piece of art, or other property, you may wonder how much of a tax deduction you could get by […]
The Tax Score of Winning
Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there are still more traditional […]
Is a Health Savings Account Right for You?
Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers […]
Will you Owe Tax on Profits from Selling Your Personal Residence?
Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold in July […]
Planning for Year-End Gifts with the Gift Tax Annual Exclusion
As we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their […]
Casualty Loss Tax Deductions Can Only Be Claimed in Certain Situations
In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires and other disasters. No matter where you live, unexpected disasters may cause damage […]
