Coronavirus Tax Relief for Individuals
The IRS and Congress have responded with some Coronavirus tax relief for individuals. Taxpayers now have more time to file their tax returns and pay any tax […]
Deducting Charitable Gifts on Your Tax Return
Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills. But with the tax […]
Answers Regarding 2020 Individual Tax Limits
Right now, you may be more concerned about your 2019 tax bill than you are about your 2020 tax situation. That’s understandable because your […]
Filing Your Taxes Early Can Minimize Identity Theft
The IRS opened the 2019 individual income tax return filing season on January 27. Even if you typically don’t file until much closer to […]
4 Changes That May Affect Your Retirement Plan
If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed a law that makes […]
Tax Deductibility of Home Office Expenses
Technology has made it easier to work from home so lots of people now commute each morning to an office down the hall. However, just because you […]
Tax Implications of Your Side Gig
The number of people engaged in the “gig” or sharing economy has grown in recent years, according to a 2019 IRS report. But what are […]
Adoption Related Tax Savings
If you’re adopting a child, or you adopted one this year, there may be adoption related tax savings available to offset the expenses. For […]
What Does it Take to Get a Medical Expense Tax Deduction
As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your expenses on your tax […]
What is Your Taxpayer Filing Status?
For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects your taxpayer filing status . . . the filing status box that will […]
