In 2024, you may have made substantial gifts to your children, grandchildren, or other family members as part of your estate planning. Or maybe you just wanted to help those…
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When you take advantage of the tax law's offset game, your stock market portfolio can represent opportunities to reduce your 2022 income taxes. The tax code contains the basic rules…
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Do you own investment property or a small business? Sooner or later, you will probably want to sell. One of the downsides of selling a business or investment property is…
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Charitable contributions are deducted as part of a taxpayer’s itemized deductions on IRS Schedule A, except for the special 2020 and 2021 provisions that allow up to $300 ($600 for…
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You may hear people use the term “Stepped-Up Basis” that many believe is a tax provision that allows beneficiaries of an inheritance to reduce or even avoid taxes when and…
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Do you own or lease non-residential (think commercial) real property for your business or rent non-residential real property to others? If so, interior improvements you make to the property may…
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One of the fallouts of the COVID-19 pandemic is that millions of people have dropped out of the workforce. While they remain unemployed, they will have lost the opportunity to…
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As the end of the year is approaching it’s time to consider implementing some last-minute tax planning strategies that will help reduce your 2021 taxes. Here are five tax reduction…
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Tax planning is part of a healthy, strategic financial plan. It’s a great way to take a step back and consider how all facets of your finances and even your…
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When you’re preparing your taxes, you want to make sure you utilize all the deductions you qualify for. If you work from home, the home office tax deduction sounds like…
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