Are Scholarships Tax-Free or Taxable?
COVID-19 is changing the landscape for many schools this fall. But many children and young adults are going back, even if it’s just for online learning, and […]
Back-to-School Tax Breaks
Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person or under a hybrid schedule. In any event, parents may be eligible for certain […]
Make Sure Your Withholding is Adequate
Did you recently file your federal tax return and were surprised to find you owed money? Make sure your withholding is adequate so that this doesn’t happen […]
Consider Taxes When Selling Your Home
Traditionally, spring and summer are popular times for selling a home. Unfortunately, the COVID-19 crisis has resulted in a slowdown in sales. The National Association of Realtors […]
Can Seniors Deduct Medicare Premiums?
If you’re age 65 and older, and you have basic Medicare insurance, you may need to pay additional premiums to get the level of […]
Erroneous Economic Impact Payments Must Be Returned
The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according to a new report. […]
3 Issues to Consider After Filing Your 1040 on July 15th
The tax filing deadline for 2019 tax returns was extended until July 15 this year, due to the COVID-19 pandemic. Now that your 2019 […]
IRA for a Nonworking Spouse
It’s often difficult for married couples to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps so that spouse can […]
Deductibility of Student Loan Interest
The economic impact of the novel coronavirus (COVID-19) is unprecedented and many taxpayers with student loans have been hard hit. The Coronavirus […]
There’s Still Time to Make a 2019 IRA Contribution
Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a 2019 IRA contribution for the […]
