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...
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Personal Tax (6)
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...
Casualty Losses: How to Claim Deductions and Avoid Pitfalls
Every year, the United States experiences natural and manmade disasters, ranging from hurricanes...
5 Major Tax-Favored Retirement Plan Changes for Individuals under New Law
After months of negotiations, Congress finally passed the long-awaited Setting Every Community Up...