by PSA CPA | Aug 1, 2024 |
Generally speaking, the annual open enrollment period is the only time under the Affordable Care Act that you can purchase a health insurance plan, seek financial assistance to help pay for coverage, or transfer plans. This regulation aims to prevent people from...
by PSA CPA | Aug 1, 2024 |
Are you considering donating to a worthy cause, or would you like to show your support to a close relative? The first thing you need to accomplish is comprehend how this will affect your taxes. When it comes to donations, not all charities are made equal. Gifts may...
by PSA CPA | Aug 1, 2024 |
You’re most likely aware that you can pay for prescription medications and other medical expenses with your health savings account (HSA), health flexible spending arrangement (FSA), Archer medical savings account (Archer MSA), or health reimbursement arrangement...
by PSA CPA | Aug 1, 2024 |
Are you a sole proprietor and curious about the taxes your company pays? We have everything covered. We’ll dissect the most important insights and filing factors for taxes on sole proprietorships in this article. Continue reading for helpful hints and advice...
by PSA CPA | Aug 1, 2024 |
The federal government levies an estate tax on the total value of the property owned by a deceased family member. Estate laws are subject to annual fluctuations in interpretation. The good news is that most American taxpayers who do not rank among the wealthiest 2% in...
by PSA CPA | Aug 1, 2024 |
One form of revenue that affects your tax return is rental property ownership. In order to help you optimize the tax benefits and develop a plan to reduce or postpone some of your taxes, let’s take a closer look at the Internal Revenue Service (IRS) tax...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…