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.
Seniors may be able to write off Medicare premiums on their tax returns
June 22, 2021
If you have Medicare insurance (including supplemental), you know it can be expensive to get the coverage you want. But you may be able to deduct the cost of premiums, along with other medical expenses, on your tax return. Here are the rules.
An S corporation could cut your self-employment tax
May 17, 2021
Business owners that operate as an S corporation are subject to income tax, but not self-employment tax, on their share of the entity’s income. Here’s how the rules work.
