Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed...

The IRS began accepting 2021 individual tax returns on January 24. If you haven’t prepared yet for tax season, here are three quick tips...

The IRS announced it is opening the 2021 individual income tax return filing season on January 24. (Business returns are already being...

While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this...

You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax return? It’s possible but not...

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is...

The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center...

After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for...

If you’re paying back college loans for yourself or your children, you may wonder if you can deduct the interest you pay on the loans....

Awards and settlements are routinely provided for a variety of reasons. For example, a person could receive compensatory and punitive...

If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are...

Don’t let the holiday rush keep you from considering some important steps to reduce your 2021 tax liability. You still have time to...

The Infrastructure Investment and Jobs Act (IIJA) was signed into law on November 15, 2021. It includes new information reporting...

Do you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses? As the end...

As we approach the holidays, many people plan to donate to their favorite charities or give money or assets to their loved ones. Here are...

Employers offer 401(k) plans for many reasons, including to attract and retain talent. These plans help an employee accumulate a...

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for...