by PSA CPA | Mar 1, 2025 |
Every business must file taxes, but knowing how to leverage business tax write-offs can significantly reduce your tax liability. Business tax write-offs allow companies to deduct qualifying expenses incurred during operations, ultimately lowering taxable income....
by PSA CPA | Mar 1, 2025 |
Relocating frequently is a reality for military families, bringing with it many logistical and legal challenges. Fortunately, two key laws—the Military Spouses Residency Relief Act (MSRRA) and the Veterans Benefits and Transition Act of 2018—help ease the burden by...
by PSA CPA | Mar 1, 2025 |
Investing is a great way to grow wealth, but it also comes with tax implications that every investor should understand. Whether you invest in stocks, bonds, mutual funds, or other assets, your earnings may be subject to taxes. This guide will help you navigate...
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...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…