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Taxpayers often think of early April as the official “tax season,” but it actually kicks off much sooner! The IRS starts accepting tax returns as early as January. You don’t need to wait until spring to file. In fact, ...

When you own a business, keeping an eye on your incoming revenue and expenses will often be a normal part of your weekly or daily routine. But in terms of tax planning, watching your company’s bottom line alone isn’t ...

Setting aside a little time for reflection at the end of the year is great for our mental, emotional, and even financial wellbeing. Running the numbers now and getting a few items in order can help put yourself ahead ...

Knocking a few items off your to-do list at the end of the year may save you a good chunk of money once spring rolls around. There are a handful of strategies that can help lower your tax obligation, ...

Not all aspects of the tax code will apply to your family. However, there are certain areas that you want to be aware of in advance. The Nanny Tax is just one example of something that can easily get ...

Recent reports have estimated that the average family of four will spend roughly $30,000 on healthcare—even when on an employer-sponsored plan in 2022. This is nearly a $5,000 increase on the 2020 healthcare expense numbers, and these rising costs ...

Having a consistent number year over year for what you’ll owe on your taxes would certainly be convenient. Yet fluctuations with the tax code and the ever-changing circumstances within our own lives tend to put that dream out of ...

Some parts of the tax code almost read like another language. The terminology isn’t always familiar, and that can be a real challenge if the IRS has contacted you with any questions about your tax return.

In those ...

We should all be so lucky as to work in a field that we love. Yet sometimes this can become a gray area in the eyes of the IRS. In order to claim actual business deductions on your tax ...