Inflation Adjustments for 2025
The Internal Revenue Service recently announced updates to several amounts that are updated annually for inflation. The tax year 2025 adjustments described […]
401(k) and IRA Limit Increases in 2025
The Internal Revenue Service recently announced that the annual contribution limit for employees who participate in 401(k), 403(b), governmental 457 plans, and […]
More ERC Forgiveness
The IRS has opened a second round of the Employee Retention Credit Voluntary Disclosure Program (or “ERC VDP”) for businesses who may […]
Tax Treatment of Crowdfunding
Crowdfunding is a method of raising money through websites by soliciting contributions from a large number of people. The contributions may be […]
Your End-of-Summer Tax Checkup
If you’d like to avoid surprises next year at tax time, consider doing an end-of-summer tax update and make any tax withholding […]
Educator Expense Deduction
With the new school year upon us, teachers should remember that they may be eligible to deduct up to $300 for classroom […]
Tax Credits for Energy Efficient Home Improvements
Many parts of the country are approaching peak air conditioning season, which often means higher utilities. If your utility bill has recently […]
Newlywed Checklist
Summer wedding season has arrived, and newlyweds can make their tax filing easier by doing a few things now. Your marital status […]
Is Your Side Hustle a Hobby or Business?
It seems like “side hustles” are all the rage these days. But come tax day, the tax treatment of these endeavors can […]
Home Improvements and Home Energy Credits
With summer on our doorstep, the thoughts of many people go to home improvements that should be done now that the weather […]