Educate Yourself About The Revised Tax Benefits For Higher Education
Changes have been made to education tax breaks in the new Consolidated Appropriation Act.
The COVID-19 relief law: What’s in it for you?
Can you benefit from the massive new Consolidated Appropriation Act signed into law? Here are some of the tax highlights for individuals.
The Right Entity Choice: Should You Convert From A C To An S Corporation?
Are you reconsidering the choice of entity for your business? These are several factors to consider when converting from a C corporation to an S corporation. Here are four of them.
The Next Estimated Tax Deadline Is January 15 If You Have To Make a Payment
The fourth estimated tax payment deadline for 2020 is coming up. Here are the details of when it is and whether you’re required to make a payment.
Can You Qualify For A Medical Expense Tax Deduction?
Medical and dental costs are expensive and it’s hard to get a tax deduction for them. But you may qualify by including every eligible expense allowed. Here’s what it takes to get a deduction and how you might be able to benefit by moving certain expenses into 2020.
Maximize Your 401k Plan to Save for Retirement
Have you been contributing enough to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for this year and the recently announced limits for 2021.
Small Businesses: Cash In On Depreciation Tax Savers
Before Dec. 31, your business should buy any needed business assets and place them in service. That way, you can take advantage of the Section 179 deduction and bonus depreciation.
Employees: Don’t Forget About Your FSA Funds
It’s that time of year again: time to spend your unused dollars if you have an FSA.
Taking Distributions from a Traditional IRA
It may seem easier to put money into a traditional IRA than it is to take money out. Here are some of the ins and outs of the IRA distribution rules.
How Series EE Savings Bonds are Taxed
Do you own Series EE bonds? Take a look at the issue dates. If the bonds are no longer earning interest, you probably want to redeem them. Here’s more about how the interest on the bonds is taxed.