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taxes when selling a house

Be in the Know: $500,000 Tax Break When Selling Your Home

Homeowners need to be aware that there’s a significant tax break available to them with the sale of their personal residence. Yet that doesn’t mean you’ll be in the clear to avoid tax on those capital gains altogether. Having a ...

an accountant working on the computer

Here Comes the Start of Identity Theft Season

As tax season kicks off, it’s crucial to remain vigilant against the ever-present threat of identity theft. With the abundance of personal and financial information exchanged during this time, opportunistic cybercriminals are poised to exploit any vulnerabilities they can find. ...

child tax tips

3 Child Tax Tips Everyone Should Know

Whether you’re a parent, grandparent, or just know someone who’s getting ready to welcome a new baby, there are a few general tax tips that everyone should be aware of. The more you know, the more you can save! Improving ...

tax advice for the new year

Tax Advice to Kick Off the New Year

Planning a New Year’s Resolution around your finances can be a great way to stay on track for all types of goals. You might be planning ahead for retirement and eager to reach certain milestones. Or maybe you’ve got a ...

Maximize Your Social Security—Planning Tips for Every Taxpayer

Eligibility for Social Security benefits is primarily based on your work history and your age. Typically, these retirement benefits are available to individuals who have contributed to the Social Security system through payroll taxes during their working years, and ...

Do You Know How to Deduct Business Meals?

As a business owner, there may be times throughout the year when you want to show appreciation for your clients. Scheduling a business lunch or dinner together can be a great way to treat them and celebrate your working ...

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 ...