Kayla A. Emanuelson

Two Important Breaks for Mature Taxpayers to Consider

If you're an "experienced" taxpayer, you're probably entitled to some age-based federal income tax breaks that younger taxpayers can't claim. Here are some details to help you take advantage of two valuable opportunities to lower your federal income tax obligations.

Key Rules for Home Office Deductions

Do you work from home all or part of the time? If you're self-employed and meet certain...

Can You Claim Your Parent as a Dependent?

If you payover half the cost of supporting a parent, your parent is considered your dependent for...

Itemizing Deductions on Your Federal Income Tax Return

Once the 2023 tax year is over and the numbers are generally set in stone, you can itemize...

2024 Standard Mileage Rates

Beginning on January 1, 2024, the standard mileage rates for the use of a car (also vans, pickups...

7 Tax Breaks for Parents

It's challenging and expensiveto be a parent. The average annual cost of raising a child in the...

Year-End Tax Planning Tips for Individuals

As the holidays approach, it's time to consider tax planning moves that will help lower this year's...

Options for Overfunded or Unused 529 College Savings Accounts

Section 529 plans can be a tax-smart way to save for college and other qualified education...

Transfer Pricing Done Right

Today's companies operate in a global marketplace. Many have subsidiaries, affiliates and other...

Inflation Boosts Federal Gift and Estate Tax Breaks

Inflation is generally bad news. But a favorable side effect is bigger annual inflation adjustments...