Tag: Individual Tax

If you have a child or grandchild planning to attend college, you’ve probably heard of 529 plans, also known as qualified tuition programs. These plans, named for the Internal Revenue

The recent drop in interest rates has created a buzz in the real estate market. An opportunity has presented itself for potential homebuyers to realize their dreams of purchasing property.

As fall arrives, it’s the perfect time to start implementing strategies that could reduce your tax burden for both this year and next. One of the first planning steps is

Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of five workers conducts business from home for pay. In certain

Electric vehicles (EVs) have become increasingly popular in today’s society. According to Kelley Blue Book estimates, the EV share of the vehicle market in the U.S. was 7.6% in 2023,

There are ways to collect tax-free income and gains, believe it or not. Here are some of the best opportunities to earn tax-free income without current federal income tax implications:

If you’re classified as “high income,” it could mean you owe two additional taxes: the 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and

Amidst the pandemic, many employees began working remotely and have continued to do so today. Remote work has many advantages for employers and employees, and as a result, it’s here

The complexities of tax law can be difficult and made even more so when faced with an unexpected tax bill due to the errors of a spouse or ex-spouse. The

Federal estimated tax payments are designed to make sure that certain individuals pay their fair share of taxes throughout the year. You may have to make estimated tax payments if