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.
The Inflation Reduction Act: what’s in it for you?
If you’re interested in purchasing energy-saving property for your home or an electric vehicle, you may qualify for a tax break under the new Inflation Reduction Act. Here are the basic rules.
Home sweet home: Do you qualify for office deductions?
Many people started working from home during the pandemic and have continued working out of home offices. Some of them qualify for home office deductions, but unfortunately, not all of them do. Here are the rules.
Estimated tax payments: Who owes them and when is the next one due?
Self-employed taxpayers generally must make quarterly estimated tax payments. But even if you’re not self-employed, you may have to make them to avoid a penalty if you don’t have enough federal tax withheld. Here are the rules.