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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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February 13, 2024

What is the Best Filing Status? (Video)

Answer: The best filing status for you depends upon which status you can qualify for and your particular circumstances. Tax savings are only one consideration when selecting your filing status. For example, you might not…

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