Understanding Tax Credits Versus Deductions

Understanding Tax Credits Versus Deductions Tax credits are some of the most valuable tools around to help cut your tax bill. But figuring out how to use these credits on your tax return can get complicated very quickly. Here’s what you need to know....

Great Ways to Avoid Vacation Spending Traps

Great Ways to Avoid Vacation Spending Traps You probably know how easy it is to spend a lot of money while on vacation. The best way to avoid overspending is to know the problem areas and be prepared before you go. Here are five typical vacation spending traps (and...

The IRS Announces Tax Scams

The IRS Announces Tax Scams Compiled annually, the IRS lists a variety of common scams that taxpayers can encounter. This year’s list includes the following four categories. Pandemic-related scams. Criminals are still using the COVID-19 pandemic to steal...

Your Business Mileage Deduction Just Became More Valuable

Your Business Mileage Deduction Just Became More Valuable Your business mileage tax deduction just became more valuable for the rest of 2022 after a recent announcement by the IRS. Starting July 1st, the IRS’s business mileage rate is increasing by 4 cents, to...

Shrinkflation is Upon Us!

Shrinkflation is Upon Us! Be aware, be prepared Inflation is upon us, and a hidden gem used by companies to combat price increases is often hidden from the unaware. It’s called shrinkflation. Here’s what you need to know about this hidden price hike and...