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If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax credit involving the Social Security

Can you deduct your out-of-pocket medical costs on your tax return? It depends. Many expenses are tax deductible, but there are several requirements and limitations making it difficult

If you’re interested in selling commercial or investment real estate and it has appreciated significantly, one way to defer a tax bill on the gain is with a

When you retire, you may think about moving to another state because the weather is more temperate or because you want to be closer to family. Don’t forget

The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per mile in 2024.

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind this list isn’t all-inclusive, so you

Monetary awards and settlements are provided for an array of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury, discrimination or harassment.

You may have heard of the “nanny tax.” But you may think it doesn’t apply to you if you don’t have a nanny. Check again. Hiring a housekeeper,

During this festive holiday season your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s a good

One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results in tax deductions for

If you’re concerned about your 2023 tax bill, there may still be time to reduce it. Here are four quick strategies that may help you trim your taxes

If you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses, there’s an important date coming up. You