When preparing your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of household, or qualifying widow(er). Only some people are
Have you ever invested in a business only to see its stock value plummet? (This may become relevant in light of recent market volatility.) While such an investment might be
When it comes to transportation-related employee fringe benefits, there are some nice tax breaks. If your employer offers these tax-favored fringes, you should probably take advantage of them by signing
If you made significant gifts to your children, grandchildren, or other heirs last year, it’s important to determine whether you’re required to file a 2024 gift tax return. And in
You may wonder if you can claim itemized deductions on your tax return. Maybe you made charitable contributions and were told in the past they couldn’t be claimed because you
If your tax bill is higher than you’d like as you begin to file your 2024 tax return, there may still be a chance to lower it. If you’re eligible,
For families with qualifying children, the Child Tax Credit (CTC) has long been a valuable tax break. Whether you’re new to claiming the credit or you’ve benefited from it for
Retirement is often viewed as an opportunity to travel, spend time with family, or simply enjoy the fruits of a long career. Yet the transition can bring many tax considerations,
Chances are, right now you’re more concerned about your 2024 tax return than you are about your 2025 tax situation. That’s understandable because April 15 is the filing deadline for
The IRS announced it will start the 2025 filing season for individual income tax returns on January 27. That’s when the agency began accepting and processing 2024 tax year returns.
