Jun 21, 2023 | Finances, Taxes
The Home Gain Exclusion: Make Sure You Qualify! The home gain exclusion is one of the most generous tax breaks available to taxpayers, providing the ability to exclude up to $250,000 ($500,000 married) in capital gains on the sale of your personal residence. Here is...
Jun 7, 2023 | Planning, Taxes
Calling All Taxpayers: Plan Now or Pay Later Procrastination is easy, especially when it comes to summertime tax planning. But waiting to implement strategies to reduce your 2023 tax obligations could cost you money. Here are some suggestions to help jumpstart your...
May 31, 2023 | Finances, Taxes
Tax Tips for Your Summer Job Summer brings warm weather, fun outdoor activities, and new opportunities to earn some additional income. Taxes on seasonal income, however, need to be handled with care, whether they’re related to your child’s first job or an...
Apr 12, 2023 | Accounting, Planning, Taxes
Tax Quiz – The Very First Form 1040 While Lincoln introduced the country to income tax to fund the Civil War, the modern 1040 individual income tax form was introduced in 1913. Here’s a short quiz to see how well you know what was included on this very...
Mar 2, 2023 | Business, Taxes
Attention Businesses: File on Time or Pay the Price! March 15th is the tax-filing due date for calendar year S-corporations and partnerships. While this filing deadline does not require making a tax payment, missing the due date could cost you a hefty penalty. The...
