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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
IMPORTANT 2026 TAX FIGURES FOR BUSINESSES
A new year brings many new tax-related figures for businesses. Here’s an overview of key figures for 2026. Be aware that exceptions or additional rules
CHECKING RMDs OFF THE YEAR-END TO-DO LIST
You likely have a lot of things to do between now and the end of the year, such as holiday shopping, donating to your favorite
NEW ITEMIZED DEDUCTION LIMITATION WILL AFFECT HIGH-INCOME INDIVIDUALS NEXT YEAR
Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced. If you’re at risk, there are steps you
SHIFT INCOME TO TAKE ADVANTAGE OF THE 0% LONG-TERM CAPITAL GAINS RATE
Are you thinking about making financial gifts to loved ones? Would you also like to reduce your capital gains tax? If so, consider giving appreciated
HOW THE SOCIAL SECURITY WAGE BASE WILL AFFECT YOUR PAYYROLL TAXES IN 2026
The 2026 Social Security wage base has been released. What’s the tax impact on employees and the self-employed? Let’s take a look. FICA TAX 101
IS AN HDHP PLUS AN HSA A FINANCIALLY SMART HEALTH CARE OPTION FOR YOU?
Health care costs continue to increase. Pairing a high-deductible health plan (HDHP) with a Health Savings Account (HSA) can help. Insurance premiums will be lower
THE 2025 SALT DEDUCTION CAP INCREASE MIGHT SAVE YOU SUBSTANTIAL TAXES
If you pay more than $10,000 in state and local taxes (SALT), a provision of the One Big Beautiful Bill Act (OBBBA) could significantly reduce
BOOST YOUR TAX SAVINGS BY DONATING APPRECIATED STOCK INSTEAD OF CASH
Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added benefit. If you donate long-term
4 POTENTIAL TAX BREAKS TO KNOW BEFORE MOVING A PARENT INTO A NURSING HOME
Running a successful business requires more than delivering great products or services. Behind the scenes, meticulous recordkeeping plays a crucial role in financial health, compliance