Are you liable for two additional taxes on your income?

August 27, 2024

Higher-income folks may be subject to a couple extra taxes, in addition to federal income tax. Here’s an explanation of the 3.8% net investment income tax and a 0.9% additional Medicare tax.

Working remotely is convenient, but it may have tax consequences

August 23, 2024

For some employees who work remotely, the financial reality can be taxing. Here’s what to expect if you have a job but you don’t go to a physical office.

Are you unfairly burdened by a spouse’s tax errors? You may qualify for “innocent spouse relief”

August 13, 2024

“Innocent spouse” relief may be available to a taxpayer who unfairly receives a tax bill that’s attributed to a spouse’s or ex-spouse’s errors. Here’s a rundown of the relief, along with details of two recent court cases.

The tax implications of disability income benefits

July 31, 2024

Disability income may or may not be taxable by the federal government. Here are the basic rules.