Great Tax Reduction Ideas

Great Tax Reduction Ideas

The tax code is about 75,000 pages long, so it’s not surprising there are many overlooked money-saving deductions hidden within it. And with the much higher standard deduction amounts, those who do not itemize think there are no longer ways to reduce your taxes. Since...
Take Advantage before Changes Occur

Take Advantage before Changes Occur

Plan now for tax changes coming at the end of 2025 Unless Congress takes action, a number of temporary tax laws are going to expire at the end of 2025. This means you have this year and next to take advantage of the current rules. That doesn’t mean Congress...
Ideas for a Great Refund

Ideas for a Great Refund

Three of every four Americans got a refund check last year according to IRS statistics. With a little planning, you can maximize the benefit of your refund. Here are some ideas: Pay off debt. If you have debt, a great spending priority can be to reduce or eliminate...
Keep Track of Home Improvements

Keep Track of Home Improvements

The large gain exclusion creates a tax risk One of the more popular provisions in the tax code is the $250,000 capital gain exclusion ($500,000 for a married couple) of any profit made when selling your home. As long as you follow the rules, most home sales...
Tax Tips for Those Getting Married

Tax Tips for Those Getting Married

Know someone getting married? Send them this tip now. If you recently got married, plan to get married, or know someone taking the matrimonial plunge, here are some important tax tips every new bride and groom should know. Notify Social Security. Notify the Social...