ARTICLES

Have you Experienced Rental Property Loss? As a rental property owner, there are several strategies and exceptions that can help you deduct losses from your tax returns. Learn how.

After years of uncertainty, the U.S. student loan system is once again in transition. Here's a breakdown of the DOE's current approach to student loan repayments — and what it means for you.

To file as Head of Household, you must be unmarried, support a qualifying dependent, and pay over half the cost of maintaining the home. A parent can qualify even if they don’t live with you. Learn More.

Learn which tax documents to keep, how long to retain them, and what you can safely shred after filing your return.

Thinking of lending money to a friend or family member? Learn how to properly structure a personal loan to avoid tax issues, including the importance of a written agreement, using the right interest rate (AFR), and potential tax deductions.

You can deduct capital losses to offset gains and reduce up to $3,000 of ordinary income each year. Losses beyond that can be carried forward. Be aware of the wash sale rule and special rules for claiming losses on worthless stocks.

Retirement brings freedom—and tax challenges. Smart planning helps you save more. Here are 4 key tax tips to prep for retirement.

Are you starting a business with partners and deciding on the right entity? An S corporation might be the best choice for your new venture.

Save for college with tax-advantaged tools like 529 plans, Coverdell ESAs, and savings bonds. Plan ahead to maximize tax savings!

The Child Tax Credit remains $2,000 per child for 2024-25 but may drop to $1,000 in 2026. Stay updated on potential changes and eligibility.

If your deductions exceed your standard deduction, you can itemize. Consider deducting your mortgage interest, taxes, and medical expenses.

HSAs offer tax benefits but have rules. Thinking of offering them? Contact us! Note: Contribution limits and deductibles increased for 2025.

If your 2024 tax bill is higher than expected, you can lower it by making a deductible contribution to a traditional IRA by April 15, 2025.

At 73, RMDs from IRAs are required. Early withdrawals may face taxes and penalties. Missing an RMD incurs a 50% penalty—plan wisely!

Tips are taxable. Employees should report and record cash and non cash tips for tax returns. Learn more.

File early to protect against tax identity theft and get a faster refund. Deadline: April 15 for individuals, March 17 for S-Corps/Partners.

Did you know? Medicare premiums depend on your income. Manage your MAGI via tax strategies to reduce future costs. Read more.

2025 inflation adjustments mean higher tax breaks, more retirement savings, larger FSAs, and bigger gift tax limits to save you money.

Boost 401(k) savings in 2025: $23,500 limit, $31,000 for 50+, $11,250 catch-up for 60-63. Choose tax-deferred or tax-free growth!

Boost employee benefits with 401(k)s, SEP-IRAs, or SIMPLE IRAs—each offers unique perks, limits, and tax advantages for growing businesses.