Blogs
A Comprehensive Guide to Investment Taxes: What You Need to Know
Investing is a great way to grow wealth, but it also comes with tax implications that every investor should understand. Whether you invest in...
Tax Refunds in 2025 Are About One-Third Lower Than Last Year—Here’s Why
As tax season unfolds, early data from the IRS indicates that Americans are receiving significantly smaller tax refunds compared to last year....
Commercial Clean Vehicle Tax Credit: What Businesses Need to Know
Businesses and tax-exempt organizations purchasing qualified commercial clean vehicles may be eligible for a Clean Vehicle Tax Credit of up to...
Maximizing Tax Savings: A Guide to Itemized Deductions
Itemized deductions can significantly reduce your taxable income, potentially lowering the amount of tax you owe. However, claiming these deductions...
IRA Contributions, Distributions, and Investment Rules: A Comprehensive Guide
IRA Contribution Limits How Much Can You Contribute to an IRA? For 2023, the maximum contribution to an IRA is $6,500, or $7,500 if you're age 50 or...
Tax Aspects of Home Ownership: Selling a Home
Do you owe taxes when selling your home? Learn how to determine your taxable gain by adjusting your home's cost basis, factoring in home...
Coping with the Cost of Care: Overlooked Tax Deductions and Tips for Seniors and Their Families
The rising cost of senior care can create financial challenges for families. However, the tax code provides certain deductions and benefits that can...
How a 529 plan can Boost IRAs
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...
Can You Claim Your Boyfriend or Girlfriend as a Dependent on Your Tax Return?
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...
Maryland’s Homeowners’ Property Tax Credit Program: What You Need to Know
The State of Maryland offers the Homeowners' Property Tax Credit Program, designed to provide relief to homeowners whose property taxes exceed a...
IRS Deadlines for 2025: Key Tax Dates You Can’t Overlook
As 2025 approaches, it’s time to mark your calendar with critical tax deadlines. Whether you’re filing your federal income taxes or making quarterly...
These 9 States Are Cutting Income Taxes Starting January 2025: What Taxpayers Need to Know
As of January 1, 2025, nine U.S. states are reducing individual income tax rates, bringing potential financial relief to millions of residents....
Understanding the IRS’s New Cryptocurrency Cost Basis Rules
The IRS has introduced significant changes for U.S. cryptocurrency investors. Starting January 1, 2025, crypto cost basis tracking will transition...
List of Vehicles Over 6000 Pounds that Qualify for Tax Deduction in 2024
Imagine you’re a business owner looking to purchase a dependable, heavy-duty vehicle for your company—perhaps a large truck or SUV. At the same...
Small Business Tax Planning: 14 Strategies to Save on Taxes in 2025
Filing taxes is a fundamental responsibility for small business owners, one that demands thoughtful preparation to minimize liabilities and stay...
Federal Court Halts Nationwide Enforcement of the Corporate Transparency Act
On December 3, 2024, a federal court in Texas issued a nationwide injunction blocking the enforcement of the Corporate Transparency Act (CTA). The...
Tax Benefits for Continuing Education
Pursuing higher education or professional development can expand your knowledge and career opportunities while providing significant tax advantages....
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...