Side Hustle Taxes
Side Hustle Taxes Don't forget the taxman! From supplementing their current income to replacing income that was lost because of layoffs, the pandemic or other reasons, many people have started side hustles over the past 2 years to help make ends meet. If you currently...
Start Your Tax Planning NOW!
Start Your Tax Planning NOW! Keeping your taxes as low as possible requires paying attention to your financial situation throughout the year. Now that you’ve filed your 2021 tax return, here are some tips for getting a head start on tax planning for your 2022 return:...
Making Your Home Office a Tax Deduction
Making Your Home Office a Tax Deduction The home office deduction is a great tax break for the millions of Americans who are now working from home, either occasionally or full-time. But there’s one huge catch…you can’t be an employee! That’s right, if you’re working...
Make Your Child’s Summer Break a Tax Break
Make Your Child's Summer Break a Tax Break As a busy working parent, you may be on the lookout for activities that are available for your kids this summer. There may be a solution that’s also a tax break: Summer camp! Using the Child and Dependent Care Credit, you can...
The Home Gain Exclusion: Make Sure You Qualify!
The Home Gain Exclusion: Make Sure You Qualify! Across the country, many homeowners are cashing out to multiples over list price, especially since one of the largest tax breaks available to most individuals is the ability to exclude up to $250,000 ($500,000 married)...
Summer Jobs and Taxes
Summer Jobs and Taxes The tax man wants their share! Now is the time to prepare for the not-so-pleasant part of having a summer job – paying taxes! Here’s what you can expect depending on what type of job you have this summer. The employee. A job at a retail store or...
Hidden Vacation Costs
Hidden Vacation Costs Going on vacation is a time to get away, relax and enjoy new experiences. But if you don’t pay close attention, extra costs can sneak up on you like tiny money-stealing ninjas. Here are eight sneaky vacation costs. Covert airfare increases....
Maximizing Work From Home
Maximizing Your Working From Home Opportunity Flexible working arrangements appear to be here to stay. But the benefits of working from home also come with the challenge of maintaining an appropriate work-life balance and a high level of productivity. Here are several...
Tax Consequences of Virtual Transactions
Tax Consequences of Virtual Transactions As social distancing turns convenience into necessity, the number and types of activities moving to the internet is exploding. It’s important to remember that these virtual events often trigger real-world tax implications. Here...
Knocking Down Scholarship Barriers
Knocking Down Scholarship Barriers There’s plenty of money available for you to pursue a post-secondary education for either you or your child! Here are several barriers that could be getting in the way of securing money to pay for school. Common misconceptions...