Marriage Penalty Leaves Many (But Not All) Newlyweds Singing a Sad Tune
Love and marriage — according to the song, they go together like a horse and carriage. But matrimony can leave some couples singing a sad tune when they encounter the […]
3 Income-Tax-Smart Gifting Strategies
If your 2015 tax liability is higher than you’d hoped and you’re ready to transfer some assets to your loved ones, now may be the time to get started. Giving […]
Deduct Home Office Expenses — If You’re Eligible
Today it’s becoming more common to work from home. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. Eligibility requirements If […]
7 Last-Minute Tax-Saving Tips
The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2015 tax liability — you just must act by December 31: Pay your […]
Section-by-Section Summary of the Proposed “Protecting Americans from Tax Hikes Act of 2015”
TITLE I – EXTENDERS Subtitle A –Permanent Extensions PART 1 – Tax Relief for Families and Individuals Section 101. Enhanced child tax credit made permanent. The child tax credit (CTC) […]
How to Report Business Charitable Deductions
The rules for making charitable donations from your business are similar to those governing personal donations. For example, you can donate cash or property, your total deduction may be limited, […]
Vacation Homes: Do You Understand the Tax Nuances?
A vacation home can provide a welcome retreat from the hustle and bustle of everyday life for busy individuals and families. But that’s not all: Owning a vacation home also […]
Are Your Charitable Contributions Deductible?
Whether you made charitable contributions in 2014 in response to disasters or as part of your regular gift-giving practice, here are some tax rules to keep in mind as you […]
Kick Your 2014 Tax Strategies Into Gear
You may be able to save money on your 2014 taxes by making a few well-timed moves by Dec. 31. Here are five areas to examine with your tax advisor […]
Who’s Subject To The 50% Limit On Meal & Entertainment Deductions?
In general, when meal and entertainment expenses are incurred in the context of an employer-employee or customer–independent contractor relationship, one party will be subject to a 50% limitation on the […]