Taxes December 20, 2023
The Tax Benefits of ‘Bunching Up’ Year-End Charitable Deductions
The tax law allows you to deduct contributions made to qualified charitable organizations, within generous limits, but only if you itemize deductions.
Taxes November 3, 2023
Passive Activity Investments Can be a PIG Deal
This technique can be especially beneficial at the end of the year when you may be looking to offset highly-taxed income.
Taxes November 2, 2023
How to Achieve a 0 Percent Capital Gains Tax Rate
Your gains and losses are short-term or long-term. Short-term loses reflect sales of assets held a year or less. Long-term gains are for sales of assets held longer than a year.
Payroll November 2, 2023
Strategies for Retirement Withdrawals (RMDs)
Of course, every situation different, but the conventional wisdom is to withdraw from taxable accounts first, tax-deferred accounts second and tax-free accounts third.
Taxes November 2, 2023
The Employer and Employee Tax Benefits of Group Term Life Insurance
Because employees are insured as a group, the overall cost is less expensive than it would be for individual policies.
Taxes November 1, 2023
5 Family-Based Income Tax Breaks
Families may be eligible for certain tax benefits along the way. Here are five of the main tax breaks on the books.
Taxes November 1, 2023
Employers Can Get a Tax Benefit for Providing Gym Access
Although this tax break has been on the books for decades, several special rules may come into play.
Taxes October 25, 2023
Tax Benefits of 2023 Year-End Charitable Gifts
Keep this tax break in your hip pocket as the year winds down.
Financial Planning October 25, 2023
New Employer Rules for 401(k) Catch-Up Contributions
The new SECURE 2.0 law adds another layer, beginning in 2025, for participants who are age 60 through 63.
September 12, 2023
How to Get a Tax Break for Temporary Work Assignments
The IRS often views business travel expense deductions with a healthy dose of skepticism. Consult with your professional tax advisor to ensure you’re on firm ground.
September 11, 2023
4 Ways to Deduct Commuting Costs from Taxes
To qualify for transportation deductions, you must be traveling away from your tax home to a business location.
September 8, 2023
Year-End Moves for Flexible Spending Accounts
If your company doesn’t offer either option, try to empty out your account before January 1.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
