Get your piece of the depreciation pie now with a cost segregation study
October 19, 2021
Your business may gain substantial tax benefits with a cost segregation study, but they’re not right for everyone. Here’s how this strategy can help accelerate depreciation tax deductions on the building that houses your operation.
Vacation home: How is your tax bill affected if you rent it out?
October 14, 2021
A special federal income tax break is available if you rent your vacation home for less than 15 days during the year. Here are the rules.
New per diem business travel rates became effective on October 1
October 13, 2021
The IRS has announced the special “per diem” rates that became effective Oct. 1, 2021. Here are the basics of these rates.
Navigating the tax landscape when donating works of art to charity
October 6, 2021
Are you an artist or collector interested in donating artwork to charity? Here are the basic rules to claim a tax deduction for your generosity.
The tax score of winning
September 29, 2021
Whether you win money gambling online, playing at a casino or participating in a sports betting activity, there are tax implications. Here are the basic rules that winners should understand.
Is a Health Savings Account right for you?
September 22, 2021
If you’re an employee, you may be able to get a Health Savings Account with your employer. You can also open one of these tax-saving accounts through some banks and other financial institutions. Here are the basic rules.
