by PSA CPA | Oct 1, 2025 |
The IRS is issuing a major warning about a rise in fraudulent tax scams spreading on social media. These schemes, promoted by scammers posing as tax experts, are tricking people into filing false claims for tax credits they don’t qualify for, such as the Fuel...
by PSA CPA | Jul 28, 2025 |
As a business owner, staying compliant with ever-evolving tax regulations is critical—not only for avoiding penalties but also for optimizing your financial health. The IRS has introduced several new tax regulations this year, and understanding how they impact your...
by PSA CPA | Jul 1, 2025 |
Understanding Estate Tax Planning: Why It Matters More Than You Think When it comes to planning for the future, most people focus on retirement or investments. But what happens to your wealth after you’re gone? If you’re a Maryland resident—or own assets in the...
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 |
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…