You Might Save Tax if Your Vacation Home Qualifies as a Rental Property
Do you own a vacation home? If you both rent it out and use it personally, you might save tax […]
Taxes
Taxes
Do You Need to Make an Estimated Tax Payment by September 17?
To avoid interest and penalties, you must make sufficient federal income tax payments long before your April filing deadline through
Taxes
Back-to-School Time Means a Tax Break for Teachers
When teachers are setting up their classrooms for the new school year, it’s common for them to pay for a
Taxes
Play Your Tax Cards Right with Gambling Wins and Losses
If you gamble, be sure you understand the tax consequences. Both wins and losses can affect your income tax bill.
Taxes
Keep an Eye Out for Extenders Legislation
The pieces of tax legislation garnering the most attention these days are the Tax Cuts and Jobs Act (TCJA) signed
Retirement, Taxes
The TCJA Prohibits Undoing 2018 Roth IRA Conversions, but 2017 Conversions Are Still Eligible
Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free withdrawals in retirement. But what if
Taxes
Do You Still Need to Worry About the AMT?
There was talk of repealing the individual alternative minimum tax (AMT) as part of last year’s tax reform legislation. A
Taxes
Why the “Kiddie Tax” is More Dangerous Than Ever
Once upon a time, some parents and grandparents would attempt to save tax by putting investments in the names of
Taxes
3 Traditional Midyear Tax Planning Strategies for Individuals That Hold Up Post-TCJA
With its many changes to individual tax rates, brackets and breaks, the Tax Cuts and Jobs Act (TCJA) means taxpayers
Taxes
What You Can Deduct When Volunteering
Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that