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...

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 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...

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...

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

Have you heard of the “nanny tax?” Even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or other...

If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax consequences? The...

If you own a valuable piece of art, or other property, you may wonder how much of a tax deduction you could get by donating it to...