Kayla A. Emanuelson

Age Is Just a Number, but Tax Milestones Matter

Individual taxpayers don't have to begin paying federal taxes at a specific age. Obligations begin when one's income meets the applicable tax filing or payment requirements. That said, under current rules, tax-saving opportunities begin the day a child is born. From there, most people encounter various "tax milestones"—whether becoming subject to certain responsibilities or finding new ways to save—throughout much of their lives. Let's explore some of these and discuss how to make the most of them.

Trump Accounts Go Live and the IRS Provides Tax-Reporting Relief

Parents, grandparents and others can now contribute to Internal Revenue Code Section 530A...

6 Summer Tax-Savings Opportunities Worth a Closer Look

Longer days and warmer weather often inspire people to get out, travel, tackle projects and make...

Claiming the QBI Deduction for Rental Real Estate

The One Big Beautiful Bill Act (OBBBA), enacted in 2025, made permanent the federal income tax...

Why Now Is a Good Time to Review Your Withholding

Filing your 2025 federal income tax return can provide valuable insights to help with 2026 tax...

Crypto May Be Cool, But It’s Not Tax-Free

The popularity of cryptocurrency—including Bitcoin, Ethereum and Dogecoin—continues to hold steady,...

Update on the First-Year Depreciation Tax Rules for Businesses

The One Big Beautiful Bill Act (OBBBA) included favorable changes to the federal income tax rules...

Important Tax Figures for 2026

Every year, the amounts allowed for various federal tax benefits are subject to inflation...

6 Year-End Small Business Tax Saving Tips

There's still time for small businesses and their owners to implement strategies to save taxes for...

Will Your AMT Exposure Change Under the New Tax Rules?

Significantly fewer taxpayers have owed the alternative minimum tax (AMT) for the last several...