Can you deduct a gym membership as a medical expense on your tax return? What about nutritional supplements? The IRS recently answered these and other questions.
Child tax credit: The rules keep changing but it’s still valuable
If you’re a parent, you know that children are expensive. Fortunately, there’s a federal Child Tax Credit that may help you with the expenses. Here are the current rules.
Answers to your questions about 2023 limits on individual taxes
How much is the standard deduction in 2023? How much do you have to earn this year before you can stop paying Social Security on your salary? Here are some Q&As about these and other tax-related amounts for 2023.
Why you might want to file early and answers to other tax season questions
Why is it a good idea to file a tax return early? Here’s the answer to that and other filing season questions you may have.
Strategies for investors to cut taxes as year-end approaches
The end of the year is a good time to examine your portfolio for tax purposes. Here are some strategies that may save you taxes.
Year-end giving to charity or loved ones
Many people like to give thanks at this time of year by donating to their favorite charities. Here are the basic 2022 rules for charitable contributions and gifts to loved ones.
How inflation will affect your 2022 and 2023 tax bills
Many people are feeling the squeeze of inflation. What does this mean for your federal tax bill? Here’s what the inflation-adjusted amounts will be for several provisions in 2023, as compared with 2022.
Plan now to make tax-smart year-end gifts to loved ones
As we head toward year end, many people are starting to plan to give gifts to their loved ones. Here’s how to avoid gift tax implications.
Year-end tax planning ideas for individuals
By planning ahead now, you may be able to save on your 2022 and 2023 tax bills. Here are some ideas to consider.