Tag: Individual Tax

If you donate valuable items to charity and you want to deduct them as deductions your taxes, you may be required to get an appraisal. The IRS requires donors and

Many people dream of turning a hobby into a regular business. For example, if you enjoy boating, you may dream of opening a charter fishing business. Or maybe you’d like

Luxurious vacation properties in upscale areas often appreciate significantly in value compared to what the owners paid for them. While this is beneficial, tax implications need to be considered. Here

If you’re buying a new home, you may have considered keeping your old home and renting it out. In March, the average rents for one- and two-bedroom residences were $1,487

The 2023 tax filing deadline is April 15 this year. However, if you need more time, you can file for an extension. The extension gives you until October 15 to

The tax filing deadline, April 15 is quickly approaching. However, if you aren’t ready to file, that’s okay. Sometimes, it’s difficult to gather all your tax information by the deadline.

If you have a retirement account that gets special tax treatment, like a traditional IRA, you’ll have to start following rules for withdrawals after reaching a certain age. This is

Are you thinking about buying a vacation home by the beach, a cozy lakefront cottage, or ski chalet? Maybe you’re fortunate enough to already own a vacation home! Either way,

Contrary to common belief, Social Security benefits aren’t always exempt from federal income tax. Surprisingly, a significant portion of these benefits can be subject to taxation, potentially reaching up to

Unemployment has recently been holding steady at 3.7%. However, there are still some people losing their jobs — particularly in technology and media related industries. Taxes are most likely the