Retirement Plan and Charitable Contribution Rule Changes
During the COVID-19 crisis, many people and charitable organizations need cash. The new CARES Act may provide some solutions.
The New COVID-19 Law Provides Businesses with More Relief
Another coronavirus (COVID-19) law has been enacted and it provides some relief to businesses and employers that are suffering. This article provides some highlights.
Why you Should Keep Life Insurance out of Your Estate
You bought life insurance to protect your family or other beneficiaries. Here’s how to avoid having the benefits be subject to federal estate tax.
The 2019 Gift Tax Return Deadline is Coming up
April 15 isn’t only the income tax return deadline. It’s also the gift tax return deadline for people who made large gifts last year. Find out if you’re required to file a 2019 gift tax return this April (or if you may want to file one anyway).
Home is Where the Tax Breaks Might be.
Buying a home and want to know how much of a tax break you’ll get for paying mortgage interest? Here are the rules.
Do you Run Your Business From Home? You Might be Eligible for Home Office Deductions
Do you operate your business from home or perform certain functions at home that are related to your business? You might be able to claim home office deductions on your tax return.
Reasons Why Married Couples Might Want to File Separate Tax Returns
In most cases, married couples who file jointly save more money on taxes than those who file separate returns. However, there are cases when filing separately is a better option.
The Tax Aspects of Selling Mutual Fund Shares
There are many complex facets involved in selling mutual fund shares. Here’s a rundown.
Can you deduct charitable gifts on your tax return?
You may assume that if you make a charitable contribution to an eligible organization, you’ll receive a tax break for it. That may not be the case anymore. Here’s why.
Cut Your Tax Bill with IRAs
Saving for retirement is essential for financial security and the government provides tax incentives. If you’re eligible, you still have time to contribute to an IRA, Roth IRA or SEP and benefit on your 2019 tax return.