Home Sales: How To Determine Your “Basis”
When you sell your home, you’ll pay tax (or avoid it) based on the “basis” of the property. Here’s how to determine yours.
Who Qualifies For “Head of Household” Tax Filing Status?
If you qualify to file as a “head of household,” you may pay less tax than if you file your tax return as a “single” individual.
Need a New Business Vehicle? Consider a Heavy SUV.
The nice weather and the general downturn in COVID-19 cases has spurred some business owners to think about buying a car this spring. Here’s an option that may save on taxes.
New Law Tax Break May Make Child Care Less Expensive
Child care is expensive. The newly enhanced child and dependent care credit may help for 2021.
New Law: Parents and Other Eligible Americans To Receive Direct Payments
Are you eligible to receive direct payments under the new law that passed on March 11?
Estimated Tax Payments: The Deadline for the First 2021 Installment is Coming Up
Are you required to make estimated tax payments because you don’t pay enough tax in withholding? Here are the rules.
Retiring Soon? Recent Law Changes May Have An Impact on Your Retirement Savings
Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.
If you run a business from home, you could qualify for home office deductions
Business owners may be able to save tax with home office deductions. If you’re working from home (like lots of people these days), you may qualify. Here’s a rundown of the rules.
Did You Make Donations In 2020? There’s Still Time To Get Substantiation
In order to claim a charitable deduction on your tax return of $250 or more, you need a written acknowledgment from the charity. What if you haven’t received one yet for a charitable donation you made in 2020?
2021 Individual Taxes: Answers To Your Questions About Limits
How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021.