Thinking of Selling Your Home? Don’t Be Surprised by Capital Gains Taxes
With home prices skyrocketing, the current principal residence capital gains exclusion can be restrictive. Learn how to reduce your tax burden when selling your home in 2024
Guarding Your Refund: The Complicated World of Tax-Related Identity Theft
Tax season should be about reclaiming your hard-earned money, not dealing with identity theft. Learn to recognize the red flags and take immediate action to secure your financial well-being.
A Guide to Maximizing Tax Deductions for Small-Business Owners
Tax Tips for Small Business Owners! Maximize your deductions and minimize your tax liability with our comprehensive guide. Learn how effective tax planning can boost your bottom line and keep your business thriving.
Market Timing or Strategic Investing: Building a Resilient Portfolio
Trying to time the market is a gamble—predicting the bottom and the peak is nearly impossible. Instead, we recommend focus on strong fundamentals and strategic portfolio design.
Insurance Gaps May Pose Risks for High-Net-Worth Households
Accidents can be rare but devastating, and you could be held legally responsible if someone is injured on your property. Is your umbrella big enough? Standard liability policies may not be sufficient to protect your assets in a high-dollar judgment.
How Becoming a Real Estate Professional Unlocks Tax Advantages for Landlords
The IRS defines a real estate professional with strict criteria, and understanding these qualifications can lead to significant tax benefits. Achieving this status requires diligence but can significantly impact your financial landscape. Learn more about how you can benefit!
Real Estate Roundup: Feeling the Impact of Higher Rates
The national median price of existing homes hit a record $407,600 in April 2024, despite high borrowing costs. Learn about the key factors influencing these contrasting markets and their impact on the broader economy.
How the Adoption Tax Credit Can Ease Your Journey to Parenthood
Adoption is a beautiful journey, but it can also be financially demanding. To help, the U.S. government offers an adoption credit, designed to offset costs like adoption fees, court costs, attorney fees, and more.
A Pension Strategy that May Boost Your Income
Navigating pension payout options can be complex, especially when considering your spouse’s future. If you have a traditional pension plan, understanding the benefits of a single-life annuity versus a QJSA is crucial.
Navigating the Complex World of Your Child’s Tax Return
The Kiddie Tax applies higher rates to unearned income of certain children under 19, or under 24 for full-time students. Learn how to navigate these rules, maximize tax benefits, and plan effectively for your family’s financial future.