Do You Owe SE Tax on Home Rental Income?
If you rent out a second home—or part of your main residence—you may be unclear about whether you...
Posts about
Personal Tax (4)
How Newlyweds Can Maximize the Home Sale Gain Exclusion
Whether you're getting married for the first or fifth time, it's common for one spouse (or both) to...
How Divorce Affects Eligibility for the Home Sale Gain Exclusion
It's common for couples who divorceto sell their homes. Not only does this move give former...
Inheriting Money? Considerations for Handling It
After receiving an inheritance, you need to determine how to incorporate those assets, whether...
Want to Move? Tax Implications of Converting a Home to a Rental Property
If you're planning to move out of your current home, you face a tough question: Should you sell...
Navigating the SALT Deduction
The Tax Cuts and Jobs Act (TCJA) limitsitemized deductions for state and local tax (SALT) payments...
How Much FDIC Coverage Do You Have?
In early March, Silicon Valley Bank (SVB) and Signature Bank unexpectedly collapsed. They became...
Should You Extend Your 2022 Tax Return?
In a statement posted to its websiteon February 3, 2023, the IRS asked certain taxpayers to...
Tax Planning Can Reduce Adoption Costs
Adoptions plummeted during the COVID pandemic, but the adoption rate is slowly rebounding. If...
The ABCs of the Dependent Care Credit
Do you pay someone to watch your young child (or another qualifying dependent) while you're at...