If you’re getting ready to file your 2022 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to...

If you’re a parent, you may be confused about the rules for claiming the Child Tax Credit (CTC). The rules and credit amounts have...

Many people are more concerned about their 2022 tax bills right now than they are about their 2023 tax situations. That’s understandable...

Most retirement plan distributions are subject to income tax and may be subject to an additional penalty if you take an early withdrawal....

The IRS announced it opened the 2023 individual income tax return filing season on January 23. That’s when the agency began accepting and...

If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for...

Parents often hear that their children “grow up so fast.” Before you know it, youngsters will be heading to college. Here are some...

If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules...

Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your...

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind...

If you’re thinking about selling stock shares at a loss to offset gains that you’ve realized during 2022, it’s important to watch out for...

As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA...

The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some...

The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before...

Series EE Bonds dated May 2005 and after earn a fixed rate of interest. Bonds purchased between May 1997 and April 30, 2005, earn a...

Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able to claim a credit...

No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way to provide some of these...

The effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than you were last...

You’ve probably heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or...

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for...