Nico P. Saborse

Deducting Personal Theft Losses Will Soon Get a Little Easier

If you're unlucky enough to suffer a personal theft loss, you may be entitled to a federal income tax deduction. Or you may not. The rules are complex, but there's some good news: Last year's One Big Beautiful Bill Act (OBBBA) makes claiming these write-offs a little easier in the near future.

Strategies for Saving: Year-End Tax Planning for Individuals

Year end is here, but there's still time for individual taxpayers to make moves to lower their 2025...

Seniors: 10 FAQs About Applying for Medicare

Medicare is a federal program that provides health insurance to Americans 65 and older, as well as...

How the QSB Stock Sale Rules Have Become More Favorable

Qualified small business (QSB) stock has received very favorable federal income tax treatment for...

IRS to Eliminate Paper Checks: What It Means for Taxpayers

A significant shift is underway in how the federal government will deliver some tax refunds and...

New Tax Law Includes Major Changes for Homeowners

Several provisions of the One, Big, Beautiful Bill Act (OBBBA), signed into law on July 4, will...

Act Soon: EV and Homeowner Tax Credits Ending After 2025 Under Proposed Law

The U.S. House of Representatives recently passed a sweeping tax and spending measure, dubbed "The...

The Lowdown on 401(k) Plan Catch-Up Contributions

How big is your retirement nest egg? Too often, people sacrifice retirement savings to afford a...

Ready, Set, File: 8 Tax Deductions You Might Not Know About

Years ago, many taxpayers itemized deductions instead of claiming the standard deduction. But fewer...

Unwrap the Fine Print: Essential Gift Card Tips for the Season

With the holiday season rapidly approaching, you may consider gift ideas for friends, family...