Not all investment losses are bad news. In fact, they can serve a purpose when it comes to reducing your tax burden. This is where tax loss harvesting comes in, a smart strategy that can…

When it comes to receiving gifts, many people are relieved to learn that they don’t have to pay taxes on them. Gifts, in general, are not taxable for the recipient. However, the situation is a…

Professional athletes are used to facing challenges on the field or court, but every year, they face-off with a tax season that’s a bit more complex than the average taxpayer’s. If you don’t know the…

Today, we’re diving into a topic that might not be the most fun to think about, but it’s really important—especially if you’re going through it. We’re talking about the tax implications of getting divorced. Filing…

Navigating the intricacies of the tax system can often feel overwhelming, but understanding the key concepts of tax deductions and tax credits can significantly impact your financial health. Whether you’re a homeowner, a student, or…

Running a business is complex. But running a business in a new industry, with extreme regulations, and its own tax law, give a whole new meaning to complex. Whether you’re a cannabis grower, retailer, dispensary,…

Whether you’re planning a wedding or just recently married, understanding how marriage affects your taxes is crucial. Let’s take a look…….. Filing Status Once you’re married, you can choose to file jointly or separately, filing…

Are you a self-employed real estate agent or broker? Did you know that there are certain expenses that you may be eligible to deduct? Sole Proprietor Most real estate agents and brokers are self-employed and…