Is Your Side Hustle a Hobby or a Business?
As appearing in IRS Tax Tip 2024-55
Hobbies and businesses are treated differently when it […]
Beware of These Common Tax Scams
As appearing in IRS Tax Tip 2024-42
Taxpayers and tax […]
What Taxpayers Need to Know About Digital Asset Reporting for Tax Purposes
As appearing in IRS Tax Tip 2024-21
Taxpayers filing 2023 tax returns must check a box indicating […]
No Tax on Car Loan Interest Under OBBBA 2025? Not Exactly
Under current federal income tax rules, so-called personal interest expense generally can’t be deducted. One big exception is qualified residence interest or home mortgage interest, which can […]
Act Soon: OBBBA 2025 Ends Clean Energy Tax Breaks
The newly enacted One, Big, Beautiful Bill Act (OBBBA) represents a major move by President Trump and congressional Republicans to roll back a number of clean energy […]
What You Still Need to Know About the Alternative Minimum Tax After OBBBA 2025
The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system. The difference is that […]
What Families Need to Know About OBBBA 2025
The One, Big, Beautiful Bill Act (OBBBA) has introduced significant tax changes that could affect families across the country. While many of the […]
What the New Tax Law Could Mean for You
As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That […]
Understanding Spousal IRAs: A Smart Retirement Strategy for Couples
Retirement planning is essential for all families, but it can be especially critical for couples where one spouse earns little to no income. […]
Milestone Moments: How Age Affects Certain Tax Provisions
They say age is just a number — but in the world of tax law, it’s much more than that. As you move […]
