Taxpayers who earn wages as an employee pay in most of their federal and state income taxes through payroll withholding.  This is a great system if the calculations are correct.  The taxpayer gets to spread…

Conduct an online search of the phrase “side hustle” and you will find websites with countless ideas on how you can make some quick money. Many apps exist nowadays to enable you with opportunities and a…

Consider conducting a final tax planning review now to see if you can still take actions to minimize your taxes this year. Here are some ideas to get you started. Assess your income. Begin by…

One of the changes brought by Tax Cuts and Jobs Act (TCJA) is elimination of many personal itemized deductions. All miscellaneous itemized deductions that are subject to 2% of AGI limit are temporarily repealed for…

Hiring your own children – whether employed part time in the mailroom or full time managing your operations – can be an adventure. But is it always the best idea? It can be beneficial for…

As students head back to school, there are some changes to education deductions that could save or cost you more in taxes and even raise college tuition costs. Here is what you need to know…

Under recent tax legislation, you can no longer claim personal exemptions, including ones for your children and other relatives (now through 2025). That means if you’ve been claiming an exemption for an elderly parent you…

Although recent tax legislation has eliminated or scaled back many prized deductions for 2018 through 2025, it didn’t touch the deduction for student loan interest. So the usual questions remain: Who can claim the deduction…