Is your withholding adequate? Here’s how to check
When you filed your federal tax return this year, were you surprised to find you owed money? You might want…
Your estate plan: Don’t forget income tax planning. Protect against the coming exclusion reduction.
As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to…
Caring for an elderly relative? You may be eligible for tax breaks.
Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible…
Smooth sailing: Tips to speed processing and avoid hassles this tax season
The IRS began accepting 2021 individual tax returns on January 24. If you haven’t prepared yet for tax season, here…
Help avoid identity theft by filing your 2021 tax return early
The IRS announced it is opening the 2021 individual income tax return filing season on January 24. (Business returns are…
How will revised tax limits affect your 2022 taxes?
While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your…
There’s a deduction for student loan interest … but do you qualify for it?
If you’re paying back college loans for yourself or your children, you may wonder if you can deduct the interest…
Feeling generous at year end? Strategies for donating to charity or gifting to loved ones
As we approach the holidays, many people plan to donate to their favorite charities or give money or assets to…
There’s currently a “stepped-up basis” if you inherit property — but will it last?
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for…
Where’s My Second Stimulus Check?
According to the Treasury Department and the IRS, millions of second Economic Impact Payments (EIP) are being issued by prepaid…