Hiring household help, whether it’s a nanny, housekeeper, or gardener, can significantly ease the burden of childcare and daily chores. As a household employer, however, it’s critical to understand your
Business driving may come to mind when you think about tax deductions for vehicle-related expenses. However, businesses aren’t the only taxpayers that can deduct driving expenses on their returns. In
As the end of the year approaches, many people start to think about their finances and tax strategies. One effective strategy to decrease potential estate taxes and show generosity to
Let’s say you consider your unincorporated sideline activity a business. Perhaps you offer photography services, create custom artwork, or sell handmade items online. Will the IRS agree that your venture
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:
