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Archive for the ‘Individual Tax’ Category

March 01, 2024

Five Common Tax Questions

Tax season often triggers a cascade of questions. Here are five of the most common and their answers. 1. Are the miles earned on my credit card taxable? Taxation of extras  earned with a credit…

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February 28, 2024

Spring 2024 Tax Deadlines and IRS News

Upcoming Tax Deadlines March 15, 2024 • Deadline to file partnership and S-corporation tax returns. April 15, 2024 • Deadline to file individual, trust, gift and calendar-year C-corporation returns. • Deadline for making 2023 IRA…

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February 22, 2024

The $500,000 Homeowner Tax Break

Understand the rules now to avoid a tax surprise later There is large tax break that allows you to exclude up to $250,000 ($500,000 married) in capital gains on the sale of your personal residence….

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February 19, 2024

Common Missing Items = DELAYS

Review these common causes of filing delays. Double-check this list of items that often cause delays with both filing your tax return and getting your much anticipated refund. Missing W-2 or 1099. Using last year’s…

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