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Municipal Bonds for Tax-Free Interest Income

Consider Municipal Bonds for Tax-Free Interest Income

Depending on your individual financial goals and risk tolerance, municipal bonds can be a great choice for generating tax-free interest income. You just need to know some of the pros and cons to help determine whether it’s worth pursuing. What ...

two accountants look at tax deductions

Will Your Tax Deductions Be Audit-Proof?

The IRS has been making it known that they’ll be increasing their review of upcoming tax returns. You don’t want to be caught on the wrong side. Doing a little due diligence can help ensure that you’ll be in the ...

A family talks to a realtor about their property sale

Family and Tax Liability in Property Sales

If you’re thinking about conveying property to a family member or business entity that you own, then you might need to be aware of a few certain tax implications. The IRS refers to these types of transactions as “related party ...

What to Know About Paying Taxes on Prizes

Everyone loves prizes! But when it comes to prize taxability, you might end up sharing some of your winnings with the IRS. Understanding the implications of banking a big win can help you prepare when tax season comes.

What Does “Unearned Income” Mean for Your Taxes?

In the eyes of the IRS, your annual income has two different categories: earned income and unearned income. This is important because your money will be taxed at different rates depending on where it’s coming from. Sound confusing? Let’s ...

Are You Making the Most of Your HSA?

Having to juggle medical bills along with everything else in your family’s spending can be pretty challenging. So when those medical expenses start piling up, you need to know how to protect your budget. Exploring your options with a ...

Tax Strategies for Couples Tying the Knot

Whether you’re on the verge of saying "I do" or have just recently celebrated your journey into marriage, there are some crucial tax insights that every newlywed needs to know. If you want to navigate the tax landscape with ...

Don’t Miss Out: Tax Savings Alternatives

Optimizing your tax situation requires proactive planning and a keen understanding of the ever-evolving tax landscape. There’s also the question of the rising and falling interest rates. If you aren’t roughly aware of the events that can trigger shifts ...

Pros and Cons: When Should You File an Amended Tax Return?

Once the tax season is well behind you, there’s usually a sense of relief! But that isn’t always the case. Encountering a tax return error can raise a lot of questions, starting with whether an amended return will even ...