The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA,...

The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for...

Many people own Series E and Series EE bonds that were bought many years ago. They may rarely look at them or think about them except on...

Are you a charitably minded individual who is also taking distributions from a traditional IRA? You may want to consider the tax...

Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible for tax...

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates...

If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and charitable organizations to...

Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax headaches if your new business...

In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing...

The tax filing deadline for 2021 tax returns is April 18 this year. After your 2021 tax return has been successfully filed with the IRS,...

If you’re an investor in mutual funds or you’re interested in putting some money into them, you’re not alone. According to the Investment...

The clock is ticking down to the April 18 tax filing deadline. Sometimes, it’s not possible to gather your tax information and file by...

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting...

Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain...

If you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there might still be a way to lower it....

If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to...

If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you...

If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax...

If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations....