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The tax code surprises many taxpayers. Here are nine areas that most taxpayers do not realize are taxable.

Taxable or Not Taxable? - Some of these items may surprise you. Here are nine areas of income that are often questioned by taxpayers regarding their taxability. Some items are taxable, others are not. Here is what you need to know.

There are still a few weeks left in the year to reduce your tax obligation. Here are 15 great ideas.

15 Year-End Tax Tips Here are 15 ideas that may reduce your tax bite for this year. But act soon as the year-end is fast approaching.

Discover several tax myths that could leave you with an expensive tax surprise. Also find out how much Social Security benefits are going up in 2025, and learn about the good, and not so good, of AI.

Client Update Newsletter: November 2024 A number of myths about the IRS and the tax code have been gaining traction online. Believing these misconceptions could unfortunately lead to a bigger tax headache for you. In this month’s newsletter, learn about several tax myths and how you can avoid them. Also find out how much Social Secu...

Tax elections can save you plenty. But only if you know the rules. Here is what you should know.

Elections. Elections. Elections. - Tax savings can be found in the elections you make! Every year is an election year for taxpayers. And THESE elections can save you a ton of money. Here is what you need to know.

$7,500 more of your income is subject to Social Security taxes in 2025. Here are the details.

Hike in Social Security Benefits Announced for 2025 - 2025 Cost-of-Living Adjustment (COLA) changes 2025 Cost-of-Living Adjustment (COLA) changes are here. This is what you need to know.

The IRS requires contemporaneous records to prove deductions and credits. That means you can't go back later to get a copy of a receipt you forgot. Here are some tips.

Understanding Tax Terms: Contemporaneous Records - Everyone needs to know what this means! The Internal Revenue Service has a vocabulary of their own. One of the more important is their use of the word contemporaneous. What does it mean, and why should you care?

Know when to keep or throw out your tax records. Here is what you need to know.

Those Pesky Records! - What do I need to keep? Know when to hold them. Know when to toss them. Tax record retention basics can be found here.

Think the estate tax won't impact you? Think again. Here is what you need to know.

Estate Taxes: What EVERYONE Should Know Too many taxpayers ignore estate taxes because they think it will not impact them. Do this at your own peril. Here is what you should know.

Boost your savings by checking out these 5 smart ways to save money. Also learn how to protect your Social Security number, and ideas to help your kids thrive this school year.

Client Update Newsletter: October 2024 Achieving financial security for you and your family is no small task. With inflation and the allure of signing up for yet another monthly service, saving money can feel like an uphill battle. In this month’s newsletter, read about 5 ideas that can help you save money on your road to building...

Planning for retirement? Don't get caught off guard by these potential tax surprises.

Tax Surprises for the Newly Retired Rebalancing your portfolio when you get older makes sense. So does anticipating for these possible tax surprises during your retirement years.

To claim the head of household filing status you cannot be married, you pay half the cost to keep up your home and you have a qualifying person living with you for at least half the year.

Understanding Tax Terms: Head of Household The head of household filing status is often misunderstood and overlooked. The IRS provides three requirements that need to be met in order to claim. Does it make sense for you?

Reminder: 3Q estimated taxes are due Monday, September 16. Here are some things to consider.

Reminder: Third Quarter Estimated Taxes are Due - Now is the time to make your estimated tax payment If you have not already done so, please plan to make your third quarter estimated tax payment. The due date is Monday, September 16th.

OUCH! My bank did not replace my stolen funds! Learn why.

Client Update Newsletter: September 2024 Reducing the amount of interest you pay over the life of a mortgage can yield huge savings! This month's newsletter provides an illustration of just how much you can save, even with as little as $10 a month. Also in this edition, find out how cancelled debt may leave you holding a bigger tax bill, w...

Taxes and the amount you pay is not all up to chance. Here are a dozen reasons to sit down with a professional to review your situation.

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Avoid the mismatch tax headache. Here are some tips.

Play the Match Game. Or Else... - A great tip to stay out of the audit spotlight. One of the most common types of audits is a correspondence audit caused by reporting inconsistencies with information supplied to the IRS. Here is a tip to keep this from happening to you.

Standard deduction limits remain high through 2025. But there are exceptions. Check out these opportunities.

Deductions for Non-Itemizers - Can't itemize? There are still tax breaks for you. If you own a home you probably itemize your deductions on your tax return. But what if you do not itemize? Can someone using the standard deduction still get a tax break?

Basis. A tax term that can be anything but obvious. Here is what you need to know.

Understanding Tax Terms: Basis - Covering the bases on basis This commonly used tax term is anything but common to most of us. Knowing the basics of basis can serve to lower your tax obligation when you sell property.

Most workers ignore Social Security benefits until they are ready to retire. Bad idea. This is how it works.

Social Security: Know the Variables - It's never too early to understand how it works When you're young, Social Security is often the last thing you think about. But it's NEVER too early to understand how it works. It can make a large difference in the amount of the checks you will eventually be receiving.