Financial freedom is everyone's dream, and a journey everyone needs to take. And the fastest way to stay up-to-date is by doing a financial checkup. It is easy to face bankruptcy...
Posted by Pat Raskob, Emeritus on 01/30/2023
A defined benefit plan, more commonly known as a pension plan, provides guaranteed retirement benefits to employees. Defined benefit plans are primarily funded by the employer, with...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/26/2023
A pension credit, also called a saver's credit, is a tax credit you can claim by contributing to a pension fund. The credit is calculated on your tax return, which is more beneficial...
Posted by Dennis Jao on 01/09/2023
It's quite simple: to pay your tax bill, you need to know the number of your accumulated gains or losses. Below, we'll explain how to calculate your cryptocurrency gains, so...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/31/2022
What is a deductible?A deductible is an expense that a taxpayer or business can deduct from their adjusted gross income when filing a tax form. Deductible expenses reduce your taxable...
Posted by Dennis Jao on 12/31/2022
Paying for college is a hurdle for many American families.According to the Department of Education's National Center for Education Statistics, the average in-state undergraduate...
Posted by Rosovich & Associates, Inc. on 12/31/2022
After winning a lawsuit or getting a settlement, many people are surprised that they have to pay taxes on what they win. Some people don't realize this until they receive Form...
Posted by Pat Raskob, Emeritus on 12/27/2022
The tax treatment of dividends in the United States depends on whether the IRC (Internal Revenue Code) classifies them as qualified or ordinary dividends (also called non-qualified...
Posted by KLSM CPA Firm PLLC on 12/27/2022
The itemizing deduction route is the easiest way to enjoy tax benefits from your income tax on a federal tax return. This approach allows you to enjoy deductions on medical expenses,...
Posted by Dennis Jao on 12/26/2022
