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THE 2024 GIFT TAX RETURN DEADLINE IS COMING UP SOON
If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2024 gift tax return. And in some cases, even if it’s not required to file one, you may want to do so anyway. REQUIREMENTS TO FILE

UNDERSTAND THE $7,500 ELECTRIC VEHICLE TAX CREDIT
Electric vehicles (EVs) have become increasingly popular. According to Kelley Blue Book estimates, the electric vehicle share of the vehicle market in the U.S. was

6 TAX-FREE INCOME OPPORTUNITIES
Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your

CRAFT PARTNERSHIP AGREEMENTS AND LLC OPERATING AGREEMENTS WITH PRECISION
Partnerships are often used for business and investment activities. So are multi-member LLCs that are treated as a partnership for tax purposes. A major reason

ARE YOU LIABLE FOR TWO ADDITIONAL TAXES ON YOUR INCOME?
Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on

UNDERSTANDING TAXES ON REAL ESTATE GAINS
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain

WORKING REMOTELY IS CONVENIENT, BUT IT MAY HAVE TAX CONSEQUENCES
Many employees began working remotely during the pandemic and continue doing so today. Remote work has many advantages for employers and employees, and as a

THE TAX IMPLICATIONS OF DISABILITY INCOME BENEFITS
Many Americans receive disability income. Are you one of them, or will you soon be? If so, you may ask: Is the income taxed and

DO YOU OWE ESTIMATED TAXES? IF SO, WHEN IS THE NEXT ONE DUE?
Federal estimated tax payments are designed to ensure that certain individuals pay their fair share of taxes throughout the year. If you don’t have enough

HOW ARE SERIES EE SAVINGS BONDS TAXED?
Savings bonds are purchased by many Americans, often as a way to help fund college or show their patriotism. Series EE bonds, which replaced Series