Can homeowners deduct seller-paid points as the real estate market improves?

Tuesday, November 19, 2024
The recent drop in interest rates has created a buzz in the real estate market. Potential homebuyers may now have an opportunity to attain their dreams of purchasing property. “The...... Read More

Make year-end tax planning moves before it’s too late!

Tuesday, November 12, 2024
With the arrival of fall, it’s an ideal time to begin implementing strategies that could reduce your tax burden for both this year and next.One of the first planning steps...... Read More

Is your home office a tax haven? Here are the rules for deductions

Tuesday, November 05, 2024
Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of five workers conducts business from home for pay. The numbers...... Read More

Understanding the $7,500 federal tax credit for buying an electric vehicle

Tuesday, October 29, 2024
Electric vehicles (EVs) have become increasingly popular. According to Kelley Blue Book estimates, the EV share of the vehicle market in the U.S. was 7.6% in 2023, up from 5.9%...... Read More

6 Tax-Free Income Opportunities

Tuesday, October 22, 2024
Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without current federal income...... Read More

Are You Liable for 2 Additional Taxes on Your Income?

Tuesday, October 15, 2024
Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income. Let’s...... Read More

Is Having Remote Workers Hurting Your Company Taxes?

Tuesday, October 08, 2024
Many employees began working remotely during the pandemic and continue doing so today. Remote work has many advantages for employers and employees, and as a result, it’s here to stay...... Read More

Did Your Spouse Make an Error on Your Taxes?

Tuesday, October 01, 2024
Navigating the complexities of tax law can be difficult, especially when faced with an unexpected tax bill due to the errors of a spouse or ex-spouse. The reason for such...... Read More

Understanding the Tax Implications of Disability Income Benefits

Tuesday, September 24, 2024
Many Americans rely on disability income benefits, but you might wonder about the tax implications. Whether or not these benefits are taxed depends on the source of the payments and...... Read More

How Are Series EE Savings Bonds Taxed?

Tuesday, September 17, 2024
Many Americans purchase savings bonds, often to help fund college or show their patriotism. Series EE bonds, which replaced Series E bonds, were first issued in 1980. From 2001 to...... Read More