Time does fly, so start thinking about your taxes now. Being proactive and making the right decisions now can help set you up for more success in 2019. There are some end-of-the year financial tasks…

If you use a vehicle for business driving, you have a tax choice: deduct your actual expenses or use an IRS-approved standard mileage rate. Frequently, the actual expense method will provide a bigger deduction, but…

If not tracked and managed properly, capital gains tax can come as a large surprise at tax-filing time. In fact, many taxpayers don’t realize they have a capital gain until they get their 1099 form…

Congratulations on your new bundle of joy! New parents can have it rough during the transition of becoming a new parent. Not only are they dealing with lost sleep, they also face the extra cost…

What is the SALT deduction limit? One of the provisions of the Tax Cuts and Jobs Act that was passed in December of 2017 limits the itemized deduction for state and local taxes (SALT) to…

Do you work from home? Frequently, you can qualify for home office deductions offsetting taxable income from a sole proprietorship or other small business. However, if you’re not careful, one misstep can cost you your…

It may be easier to qualify for a medical deduction in 2018 than before, assuming you’ll itemize deductions. Specifically, the threshold for deducting unreimbursed medical and dental expenses has been lowered to 7.5 percent of…

Maybe you feel the need to brush up on your skills in your particular line of work. One option is to take a refresher course at a local college this summer. What makes it even…