Many types of retirement plans allow contributions to be made after year end. And last-minute retirement contributions can be a powerful strategy: You can lower your 2024 taxes while simultaneously growing your retirement savings. But what if you didn't set up a retirement plan in 2024? Don't worry; some plans allow contributions—and tax deductions—for the 2024 tax year, even if they're set up in 2025!
Are you thinking about closing your business? Rising prices, labor shortages, fluctuating demand...
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The IRS recently announced the launch of a new multistage regulatory initiative intended to close...
The Tax Cuts and Jobs Act (TCJA) included many important federal income tax provisions that affect...
In recent years, the residential real estate markets in many areas have surged. That means there...
Residential real estate prices in many markets have surged over the last few years. As a homeowner,...
Today, most states offer programs that allow you to establish a tax-favored account to cover the...
If you're financially successful or expect to become so, taxes are or will become one of your...
The rules for deducting depreciation expenses on vehicles used for business purposes have been...