Raising kids isn’t cheap—and thankfully, the IRS seems to finally be acknowledging that (a little). The 2025 tax law, part of the new “One Big Beautiful Bill,” brings some important updates to the tax credits that matter most to parents. Whether you're navigating...
If you're retired or nearing retirement, there’s some welcome tax news on the horizon. Thanks to the newly proposed 2025 tax legislation—officially dubbed the “One Big Beautiful Bill”—many retirees will no longer owe federal income tax on their Social Security...
If you're a W-2 employee, you've probably assumed that most juicy tax deductions are reserved for someone else—business owners, real estate investors, or people with LLCs and yachts. But this year? That narrative just got flipped. Thanks to the newly proposed “One Big...
Are you thinking of getting married or divorced? If so, consider December 31, 2023, in your tax planning. Here’s another planning question: Do you give money to family or friends (other than your children, who are subject to the kiddie tax)? If so, you need to...
The clock continues to tick. Your retirement is one year closer. You have time before December 31 to take steps that will help you fund the retirement you desire. Here are five things to consider. Establish Your 2023 Retirement Plan First, a question: do you have your...
All small-business owners with one to 49 employees should have a medical plan for their business. Sure, it’s true that with 49 or fewer employees, the tax law does not require you to have a plan, but you should. When you have 49 or fewer employees, most medical plan...
