Senior tax-saving alert: Make charitable donations from your IRA
December 6, 2024
Qualified charitable distributions can benefit you and your favorite charities. Here’s how to unlock the power of giving.
Unlocking the mystery of taxes on employer-issued nonqualified stock options
December 3, 2024
You want to unlock the best possible tax results when exercising employer-issued nonqualified stock options.
How inflation will affect your 2024 and 2025 tax bills
November 27, 2024
Inflation has slowed down considerably in the last couple of years. What does this mean for your federal tax bill? Here are the inflation-adjusted amounts for several provisions in 2025, compared to 2024.
Get tax breaks for energy-saving purchases this year because they may disappear
November 20, 2024
Are you thinking about buying a new exterior door or rooftop solar panels? How about an electric vehicle? You may want to act soon because President-Elect Donald Trump has pledged to terminate a law providing valuable tax credits for these and other energy-saving purchases.
You don’t have to be in business to deduct certain vehicle expenses
November 13, 2024
When can individual taxpayers deduct vehicle-related expenses? And how much can they deduct? Here are the amounts for 2024.
The nanny tax: What household employers need to know
November 6, 2024
In 2024, if you pay a household worker cash wages of $2,700 or more, you must withhold and pay Social Security and Medicare taxes. What will this threshold be in 2025?
