Nov 7, 2024 | Finances, Taxes
Think Before Tapping 401(k)s and IRAs as Emergency Fund All Americans are now allowed to withdraw up to $1,000 every year from retirement accounts to pay for a broad range of emergency expenses. There are several reasons, however, why you should avoid tapping your...
Oct 14, 2024 | Finances, Taxes
Tax Credit or Tax Deduction: Understand the Difference 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....
Oct 1, 2024 | Finances, Planning, Taxes
Debt Relief and Taxes What everyone should know Negotiating to decrease or zero out a credit card bill or other loan balance can help relieve a tough financial situation, but it can also give way to an unexpected tax bill. Here’s a quick review of various debt...
Aug 14, 2024 | Business, Taxes
Partner With a Tax Expert if the IRS Comes Knocking Sleuthing your way through a tax audit or responding to a letter from the IRS by yourself is not the same as fixing a leaky faucet or changing your oil. Here are reasons to partner with a tax professional as soon as...