Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or other recipients...

If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the investment...

If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs,...

IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation...

Now that fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next. One of the...

As a result of the current estate tax exemption amount ($12.06 million in 2022), many estates no longer need to be concerned with federal...

In its latest report, the National Association of Realtors (NAR) announced that July 2022 existing home sales were down but prices were...

High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and...

You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions about whether...

If you’re a business owner working from home or an entrepreneur with a home-based side gig, you may qualify for valuable home office...

Do you own a successful small business with no employees and want to set up a retirement plan? Or do you want to upgrade from a SIMPLE...

When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s...

If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This...

When you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so...

When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early...

Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income...

If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key issue is: Who...

Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several tax concerns need to...

As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal...