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
Retirement Planning: Leveraging Net Unrealized Appreciation for Tax Savings
Research Analyst Nick Antonucci, CVA, CEPA, Managing Associate K.C. Smith, CFP®, CEPA, and Associate Josh Weidie, CFP®, CWS®, discuss an investor with a significant retirement balance in his company’s stock. They cover when the net unrealized appreciation strategy may be applicable.
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.
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!
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.
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.
Navigating the R&D Tax Credit Maze: What SMBs Need to Know Amid Legislative Uncertainty
The TCJA of 2017 introduced the requirement to amortize R&D expenses, impacting cash flow and financial planning for many businesses. This change increases the short-term tax burden and complicates tax planning, potentially discouraging investment in crucial R&D activities. As bipartisan efforts aim to repeal this requirement, businesses are left navigating uncertainty. Learn more about how these changes could impact your business and the potential relief on the horizon.
How Health Savings Accounts Can Supercharge Your Tax Savings
Unlock the hidden power of Health Savings Accounts (HSAs)! Discover how this underutilized tool can supercharge your retirement savings with unique tax advantages. Learn who qualifies, the triple tax benefits, and how HSAs can serve as a supplemental retirement plan. Maximize your savings and plan for a healthier, wealthier future!
Purr-fect Savings: The Secrets of Pet Tax Deductions
While most pet expenses aren’t tax-deductible, there are some exceptions for service animals, guard dogs, fostering, and professional breeders.