You may have loads of student debt, but it may be hard to deduct the interest
July 28, 2021
Student loan interest is deductible for some borrowers subject to certain limits. Find out if you qualify.
There’s currently a “stepped-up basis” if you inherit property — but will it last?
July 27, 2021
Have you inherited assets or are you planning your estate? If so, it’s crucial to understand the current “step-up” basis rules and why they might change.
The deductibility of corporate expenses covered by officers or shareholders
July 26, 2021
If you spend money personally on behalf of your closely held corporation, you want to make sure either you or the business can deduct the expense. Here are the rules.
Getting a new business off the ground: How start-up expenses are handled on your tax return
July 20, 2021
Business applications have increased over the past year, according to the U.S. Census Bureau. If you’re launching a business, here’s how start-up expenses are treated on a federal tax return.
10 facts about the pass-through deduction for qualified business income
July 6, 2021
Owners of “pass-through” businesses can claim a valuable tax deduction that was created by a 2017 law. Here’s how much it’s worth and who is eligible.
Are you a nonworking spouse? You may still be able to contribute to an IRA
June 29, 2021
Married spouses who don’t work outside the home may still be able to contribute to an IRA. Here are the rules for 2021 for spousal IRAs.
