by PSA CPA | Jan 1, 2025 |
The rising cost of senior care can create financial challenges for families. However, the tax code provides certain deductions and benefits that can help offset these expenses, though many remain underutilized. Understanding these overlooked opportunities can make a...
by PSA CPA | Jan 1, 2025 |
For years, 529 plans have served as a tax-advantaged way for families to save for education expenses. However, one major concern has lingered: What happens if a beneficiary doesn’t use all the funds for qualified education expenses? Previously, excess funds were...
by PSA CPA | Jan 1, 2025 |
If you and your significant other live together but aren’t married, you might share many expenses—and in some cases, one of you may be financially supporting the other. This might leave you wondering: can you claim your boyfriend or girlfriend as a dependent on your...
by PSA CPA | Jan 1, 2025 |
The State of Maryland offers the Homeowners’ Property Tax Credit Program, designed to provide relief to homeowners whose property taxes exceed a fixed percentage of their gross income. This program ensures that property taxes remain manageable for Maryland...
by PSA CPA | Jan 1, 2025 |
As 2025 approaches, it’s time to mark your calendar with critical tax deadlines. Whether you’re filing your federal income taxes or making quarterly estimated payments, staying informed is essential to avoid penalties and ensure smooth financial planning. Remember,...
Real Estate I like the efforts you have put in this, regards for all the great content.