Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if you don’t receive
Although traditional IRAs and Roth IRAs have been around for decades, the rules for them have changed several times. The Secure 2.0 law, enacted at the end of
Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. Tax-free treatment for eligible stock gains QSBCs are the same as garden-variety
The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead of at the
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,
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