You May Qualify for a Small Business Home Office Deduction
If you run a small business from your home and meet specific IRS rules, you might qualify for the home office deduction.
Charitable Tax Deduction Peculiarities
Charitable contributions are deducted as part of a taxpayer’s itemized deductions on IRS Schedule A.
Inheritances Enjoy a Special Tax Benefit
You may hear people use the term “Stepped-Up Basis” which many believe is a tax provision that allows beneficiaries of an inheritance to reduce or even avoid taxes when and if they sell inherited property.
Tax Deductions for Educators (Video Blog)
Tax Deductions for Educators – A helpful tip for our beloved teachers
You May Need to File Estimated Tax Payments
Estimated tax payments are not just for the self-employed. They are for anyone whose withholding and tax credits are significantly less than their projected tax liability.
Tax Debt Solutions (Video Blog)
Although most (74% in 2020) American taxpayers receive a refund each year when they file their income tax returns, there are those who for one reason or another end up owing.
A Quick Look at Inheritance Taxes (Video Blog)
A Quick Look at Inheritance Taxes Proper planning can help prevent unexpected outcomes. Things you need to know about Inheritances Inherited traditional IRAs are generally taxable to a beneficiary.
2021 Extended Earned Income Tax Credit (Video Blog)
Extra help for families when filing 2021 tax return Important Enhancements to the Earned Income Tax Credit for 2021.