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 […]
Using an ABLE Account to Save for a Disabled Family Member
There’s a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose eligibility for government benefits to which […]
Qualified IRA Charitable Distributions Alternative to Taxable RMDs
Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older, and don’t need the money from required […]
Using Your 401k Plan to Save
You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401k or Roth 401k plan, contributing to […]
3 Last Minute Tips That May Help Trim Your Tax Bill
If you’re starting to fret about your 2019 tax bill, there’s good news — you may still have time to trim your tax bill […]
Avoid the Wash Sale Rule When Selling Securities
If you’re planning to sell assets at a loss to offset gains that have been realized during the year, it’s important to be aware […]
Beware Tax-Related Scams
“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. Criminals can contact victims through regular mail, telephone […]
