Tax Deductible Teacher Expenses
With the school year now in full swing, teachers often pay for various expenses for which they don’t receive reimbursement. Fortunately, they may be able to deduct […]
Taking Traditional IRA Distributions
If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (including a SEP-IRA). It’s even more critical to carefully plan […]
Innocent Spouses May Get Tax Relief
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the […]
“Kiddie Tax” Hurts Families More Than Ever
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to […]
Tax Implications of Gambling Winnings
If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of your good fortune. […]
“Nanny Tax” Applies to More Than Nannies
You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. You see, […]
Good Time to Review Your Investments
You may have heard about a proposal in Washington to cut the taxes paid on investments by indexing capital gains to inflation. Under the […]
Does Charitable Volunteering Yield Tax Breaks?
If you’re a volunteer who works for charity, you may be wondering . . . does charitable volunteering yield tax breaks? Yes, you
Taxability of Non-Resident Pensions
In the attached audio clip (click on photo above to listen), Spidell Publishing’s “California Minute” […]
Summer Camp May Yield a Tax Break
When schools were out for the summer, you might have sent your children to day camp. It’s often a significant expense. The good news: […]
