Married Couples Filing Separate Tax Returns: Why Would They Do It?
In general, married couples who file jointly save more money on taxes than those who file separate returns. However, there are situations when filing separately is a better option.
Did You Give to Charity in 2021? Make Sure You Have Substantiation.
If you’re deducting a charitable contribution on your tax return of $250 or more, you need a written acknowledgment from the charity. What if you haven’t yet received a letter for a charitable donation you made in 2021? Here are the rules.
Smooth Sailing: Tips To Speed Processing and Avoid Hassles This Tax Season
Help speed processing and avoid hassles this tax season with these tips.
Help Safeguard Your Personal Information By Filing Your 2021 Tax Return Early
Want to get your tax return sooner and protect yourself from tax identity theft? File your tax return early.
How Will Revised Tax Limits Affect Your 2022 Taxes?
How much can you contribute to a 401(k) plan for 2022? How much is the standard deduction? How much do you have to earn this year before you can stop paying Social Security on your salary? Here are some answers to these and other tax-related questions for 2022.
Defer Tax with a Like-kind Exchange
With real estate prices up in some markets, the “like-kind” exchange strategy may be attractive if you want to sell commercial or investment real estate.
There’s A Deduction For Student Loan Interest…But Do You Qualify For It?
College is expensive and you may have taken student loans to pay for it. Can you deduct the interest you pay on these loans? Here are the rules.
Providing A Company Car? Here’s How Taxes Are Handled.
Providing a company car to executives at your business is a prized perk. Here are the basic tax rules involved in this fringe benefit.
How Are Court Awards and Out-of-court Settlements Taxed?
If you’re going to receive a personal injury or discrimination settlement or award, you want the best tax result possible. Here are the basic rules of when amounts are tax free or taxable.
With Year-End Approaching, 3 Ideas That May Help Cut Your Bill
Before you know it, we’ll be ringing in 2022. You may still have time to reduce your 2021 federal tax liability by taking these steps.