Your guide to Medicare premiums and taxes

Tuesday, January 28, 2025
Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your spouse both pay premiums. Read on to understand how taxes...... Read More

Drive down your business taxes with local transportation cost deductions

Monday, January 27, 2025
Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely incur various local transportation expenses each year, and they...... Read More

Senior tax-saving alert: Make charitable donations from your IRA

Tuesday, January 21, 2025
If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages.QCD basicsQCDs can...... Read More

Healthy savings: How tax-smart HSAs can benefit your small business and employees

Monday, January 20, 2025
As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a Health Savings Account (HSA). HSAs...... Read More

How inflation will affect your 2024 and 2025 tax bills

Tuesday, January 14, 2025
Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will still increase for 2025. The...... Read More

When can you deduct business meals and entertainment?

Monday, January 13, 2025
You’re not alone if you’re confused about the federal tax treatment of business-related meal and entertainment expenses. The rules have changed in recent years. Let’s take a look at what...... Read More

Get tax breaks for energy-saving purchases this year because they may disappear

Tuesday, January 07, 2025
The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of them before it’s too late.On the campaign...... Read More

Self-employment tax: A refresher on how it works

Monday, January 06, 2025
If you own a growing, unincorporated small business, you may be concerned about high self-employment (SE) tax bills. The SE tax is how Social Security and Medicare taxes are collected...... Read More

Unlocking the mystery of taxes on employer-issued nonqualified stock options

Tuesday, December 31, 2024
Employee stock options remain a potentially valuable asset for employees who receive them. For example, many Silicon Valley millionaires got rich (or semi-rich) from exercising stock options when they worked...... Read More

From flights to meals: A guide to business travel tax deductions

Monday, December 30, 2024
As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel expenses are tax deductible can significantly affect your...... Read More