Buying a home is one of the most significant financial decisions most people make in their lifetime. Homeownership is often seen as a symbol of success and stability, but it also comes...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/31/2023
The term "miscellaneous expense" refers to a broad range of expenses that individuals and businesses may incur throughout the course of their operations. While some miscellaneous...
Posted by KLSM CPA Firm PLLC on 05/31/2023
The federal solar tax credit, also called the investment tax credit, allows users to apply up to 30% of the cost of their solar energy on their federal tax. This credit can be...
Posted by Pat Raskob on 05/27/2023
The Alternative Minimum Tax (AMT) is a federal tax system designed to ensure that high-income individuals pay their fair share of taxes. The AMT was introduced in 1969 to target high-income...
Posted by Taxes Made EZ Inc on 05/16/2023
If you have a hobby that earns you some income, it's important to know how it affects your taxes. The Internal Revenue Service (IRS) considers any income earned from a hobby as...
Posted by Pat Raskob on 05/16/2023
Investing is one of the most popular methods for growing wealth, and it is an excellent way to save for long-term goals such as retirement. However, when it comes to investing, taxes...
Posted by Tiffany Gaskin on 05/16/2023
When it comes to tax planning, one of the critical considerations is how to minimize your tax liability. However, tax planning requires understanding the tax laws and regulations governing...
Posted by KLSM CPA Firm PLLC on 05/08/2023
When it comes to student loan repayment, married couples face unique challenges. The decision to file taxes jointly or separately can significantly impact the amount of taxes owed...
Posted by Dennis Jao on 05/08/2023
As a business owner, it is crucial to be aware of the various tax credits available to reduce your business taxes. Tax credits are a form of tax relief that allows you to reduce your...
Posted by Tiffany Gaskin on 05/08/2023
