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Personal Tax (7)

Should You Transfer Your Home to Your Adult Child?

Buying a house in today's overheated real estate market can be challenging—especially as mortgage...

Oops … Do You Need to Amend Your Tax Return?

The COVID pandemic prompted numerous temporary changes to the tax laws for 2020 and 2021. From...

Do You Know the Tax Consequences of Selling Appreciated Land?

Individual taxpayers who own appreciated vacant land should know the tax consequences before they...

Health Savings Account Limits for 2023

With Health Savings Accounts (HSAs), individuals and businesses buy less expensive health insurance...

9 Ways to Bask in Summer Tax Savings

Remember the excitement of the last day of the school year? Many adults have fond childhood...

Spring Cleaning Your Personal Tax Files

The general rule for retaining federal tax records is three years. That's because the statute of...

Should You Put Your Vacation Home into an LLC?

If you're lucky enough to own a vacation home, you might wonder about the optimal ownership...

5 Categories of Interest Expense: What's Deductible?

People often ask: Is the interest paid during the year deductible on my federal income tax return?...

Beware: Remote Work May Complicate Your Income Taxes

Remote work has become more common in recent years, and the COVID-19 pandemic has resulted in...

10 FAQs About ABLE Accounts

Parents of children with disabilities face financial challenges, especially when planning for the...