Blogs
How to Use Tax Loss Harvesting to Offset Capital Gains
Investing in assets like cryptocurrency, real estate, or stocks can be a strategic way to grow wealth, but it also carries risks. If your...
Understanding How Inherited IRAs Work
IRAs are designed to help individuals save for retirement, but what happens to these funds if the account owner passes away? When setting up an IRA,...
Taxes on Severance Pay: Key Points to Keep in Mind
Economic downturns often result in layoffs, particularly in industries like tech. For some employees, the bright spot in these challenging times is...
IRS Ruling on 401(k) Matches Introduces New Flexibility for Employees’ Contributions
Imagine having the choice to apply your 401(k) employer match toward student loan payments or healthcare costs instead of just retirement. This...
Understanding Disability Income and Its Tax Implications
Disability income, also known as disability benefits or payments, provides financial support to individuals who cannot work due to a physical or...
Maximizing Tax Benefits from Home Improvements
When planning home improvements, it's essential to understand which projects may offer potential tax advantages. While most home improvement costs...
Understanding Income Statements
What Are Income Statements? Income statements, often referred to as profit and loss (P&L) statements, are financial reports that summarize an...
Understanding the Child Tax Credit vs. the Child and Dependent Care Tax Credit — and Why Both Matter
Child care is an essential need for American families, not a luxury. However, the rising costs of quality child care are surpassing other major...
Solar Tax Credit 2024: What It Is and How It Works
The Residential Clean Energy Credit, commonly known as the solar tax credit, allows homeowners to recover up to 30% of the cost of installing solar...
What is the Time Limit on Claiming Credits and Refunds?
Legally speaking, the later of these two dates is the latest day by which you can file a credit claim or get a federal income tax refund for a...
Common Tax Write-Offs and How to Claim Them
There are several types of common tax write-offs that can help lower your taxable income. Here's a look at some of the most frequently claimed...
How to Go About Filing Multiple W-2s
According to the U.S. Census Bureau, 13 million Americans held more than one job in 2019, and with the rapid growth of the gig economy, that number...
How to File Taxes in Multiple States After Moving
If you've moved from one state to another, you likely updated your voter registration and obtained a new driver’s license. When tax season comes...
Tax Deductions for Private School
For many families, choosing private school education is driven by a desire for a more personalized and enriched learning environment. However, as...
What Are the Tax Implications of having a Service Animal?
Beyond just being our best friends on long drives and cozy laps in the winter, animals can also be effective medicinal therapies in certain cases....
6 Tax Moves to Make Before the Summer’s Over
This summer, taxes are most likely the last thing on your mind, but bear with us! In fact, the summer is a great time to do a mid-year financial...
What’s New About the Home Office Deduction in 2024?
You may be able to deduct home office expenses from your taxes if you are self-employed and operate from home, even if it's just part-time....
The Benefits of Filing Jointly With a Spouse
There's generally a mix of excitement and fear around tax season. However, what if we told you that saying "I do" can actually have financial...