Don’t assume you’re exempt from the alternative minimum tax. The One, Big, Beautiful Bill Act increases the odds for some taxpayers, thanks to unfavorable changes that will take effect in 2026.
Read More
The sooner you start planning for the changes in the One, Big, Beautiful Bill Act, the better positioned you’ll be. Here are some of the new provisions affecting families.
Read More
The One, Big, Beautiful Bill Act is changing tax policy. Find out how it will affect you.
Read More
If you’re married and don’t work outside the home, can you contribute to a retirement plan? You may be eligible for a spousal IRA. Here are the rules for 2025.
Read More
Can college financial aid trigger a tax bill? Here are the tax rules for scholarships, fellowships, tuition discounts, work-study programs and other types of financial aid.
Read More
Are you 65 or older and paying Medicare premiums? You may qualify for a valuable tax break. Find out if it makes sense to itemize deductions and include medical expenses on your 2025 return.
Read More
Curious how The One, Big, Beautiful Bill could affect taxes for you and your family? Here are seven key tax breaks in the bill and what they could mean for you.
Read More
Discover how a living trust can help you avoid probate, protect your privacy and simplify the transfer of your assets.
Read More
The gig economy offers many benefits. It also comes with tax responsibilities that workers need to manage proactively to avoid penalties.
Read More
If you receive a court award or out-of-court settlement, do you have to pay tax on it? The answer is … it depends.
Read More
Just because you filed your 2024 tax return doesn’t mean the questions about it stop. Here are some answers.
Read More
Harvesting capital losses is a viable tax-saving strategy as long as you avoid the wash sale rule. Here’s how it works.
Read More
After filing, you may want to do some spring cleaning and discard tax documents. But don’t throw away records you might need in the case of an IRS audit. Here are the rules.
Read More
April 15 is double trouble! Of course, it’s the deadline for filing your 2024 tax return but there’s another important deadline that day.
Read More
You may feel you’re the head of your household if you’re married, single, divorced, a parent or child-free. However, only certain people can file a tax return with the favorable “head of household” status. Here are the rules.
Read More
Thinking about lending money to a family member or friend? There may be tax implications you should understand.
Read More
If you invest in the stock market, you’ve probably owned some losing shares. Here are the rules for claiming losses on your tax return for depreciated or worthless stock.
Read More
If you’re commuting to work and your employer offers tax-free transportation fringe benefits, you need to read this.
Read More
To itemize deductions or not to itemize deductions? Here’s how the decision is made.
Read More
The best way to grow your nest egg is to save for retirement today. There’s still time if you’re eligible and you didn’t contribute the maximum amount allowed in 2024 to a traditional IRA or SEP.
Read More