ARTICLES
Categories
PINNED POSTS
WHEN THE SALE OF AN APPRECIATED HOME TRIGGERS TAXES – AND WHEN IT DOESN’T
Home values have risen significantly in many areas of the country over the last several years, leaving some homeowners with substantial gains when they sell. Of course a large profit is generally a good thing. But, depending on the amount of your gain, how long you’ve owned and resided in
APRIL 15 IS THE DEADLINE FOR MORE THAN JUST YOUR INCOME TAX RETURN
You know your 2025 federal income tax return is due April 15, 2026. But do you know what else has an April 15 deadline? If
4 TYPES OF INTEREST EXPENSES YOU MAY BE ABLE TO DEDUCT
Personal interest expense generally can’t be deducted for federal tax purposes. There are, however, exceptions. Here are four, one of which is a new break
PARENTS: CLAIM ALL THE TAX CREDITS YOU’RE ENTITLED TO
An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under
QUADRUPLED SALT LIMIT MAKES ITEMIZING MORE BENEFICIAL FOR 2025 RETURNS
An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under
IF YOU’RE MARRIED, SHOULD YOU FILE JOINTLY OR SEPARATELY?
Married couples can choose between two filing statuses when submitting their 2025 federal income tax returns: married filing jointly or married filing separately. This decision
BEFORE CLAIMING A CHARITABLE DEDUCTION FOR 2025, MAKE SURE YOU CAN SUBSTANTIATE IT
If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you made last year. But your
THERE’S STILL TIME TO SET UP A SEP AND REDUCE YOUR 2025 TAXES
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one before you file your 2025
TAX FILING UPDATE FOR PASS-THROUGH ENTITIES
Do you operate a business as a partnership, a limited liability company (LLC) treated as a partnership for tax purposes or an S corporation? In tax
IF YOU SUFFERED A DISASTER, YOU MAY BE ELIGIBLE FOR A CASUALTY LOSS TAX DEDUCTION
Severe storms, flooding, wildfires, and other disasters affect millions of Americans each year and often cause major damage to homes and personal property. If a