by PSA CPA | Jun 17, 2025 |
The crypto world is constantly evolving, bringing new structures like Decentralized Autonomous Organizations (DAOs). If you’re a Maryland investor involved with DAOs, you might be curious about how these decentralized entities factor into your tax...
by PSA CPA | Jun 3, 2025 |
Education is a valuable investment, and for Marylanders, managing its costs efficiently is key. While often associated with saving for a child’s future college, the Maryland College Investment Plan (MCIP) offers powerful, flexible strategies for adults looking...
by PSA CPA | May 13, 2025 |
Whether you’re hitting the slots in Vegas, buying scratch-offs at the gas station, or playing online poker from your couch, there’s one thing all gamblers have in common: Uncle Sam wants his cut. Yep, gambling winnings are taxable. But don’t worry—here’s...
by PSA CPA | Mar 1, 2025 |
Social Security benefits play a vital role in retirement planning for many Americans, providing financial stability during their later years. However, a common question arises: Are Social Security benefits taxable? The answer depends on several factors, including...
by PSA CPA | Mar 1, 2025 |
When Should You Expect Your W-2? By law, employers must send out IRS Form W-2, Wage and Tax Statement, by January 31. If you had multiple employers during the tax year, you should receive a separate W-2 from each one. This essential tax document reports your total...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…