Social Security Benefits May Be Taxable
During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefits, you […]
Is a Health Savings Account Right for You?
To help defray health care costs, many people now contribute to, or are thinking about setting up, Health Savings Accounts (HSAs). With these accounts, […]
Donating Your Vehicle to Charity May Not Yield A Big Tax Deduction
You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. […]
Consider Taxes When Retiring in Another State
When you retire, you may consider moving to another state — say, for the weather or to be closer to your loved ones. That said, don’t forget to consider […]
Chances of IRS Audit are Down
The IRS just released its audit statistics for the 2018 fiscal year, and the chances of IRS audit are down. Fewer taxpayers had their […]
Tax Implications of Selling Your Home
Spring and summer are the optimum seasons for selling a home. And interest rates are currently attractive, so buyers may be out in full force in your […]
Consider Checking Your Payroll Withholding
Due to the massive changes in the Tax Cuts and Jobs Act (TCJA), the 2019 filing season resulted in surprises. Some filers who have gotten […]
Tax Savings for Electric Vehicles
While the number of plug-in electric vehicles (EVs) is still small compared with other cars on the road, it’s growing. This is especially true […]
Checking on Your Tax Refund Status
It’s that time of year when many people who filed their tax returns in April are looking at their mail, bank accounts, and or otherwise checking on their tax […]
Casualty Loss Deductions Limited by TCJA to Federally Declared Disasters
Unforeseen disasters happen all the time and they may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act (TCJA), eligible casualty loss victims […]
