After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for...

If you’re paying back college loans for yourself or your children, you may wonder if you can deduct the interest you pay on the loans....

Awards and settlements are routinely provided for a variety of reasons. For example, a person could receive compensatory and punitive...

If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are...

Don’t let the holiday rush keep you from considering some important steps to reduce your 2021 tax liability. You still have time to...

The Infrastructure Investment and Jobs Act (IIJA) was signed into law on November 15, 2021. It includes new information reporting...

Do you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses? As the end...

As we approach the holidays, many people plan to donate to their favorite charities or give money or assets to their loved ones. Here are...

Employers offer 401(k) plans for many reasons, including to attract and retain talent. These plans help an employee accumulate a...

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for...

Have you heard of the “nanny tax?” Even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or other...

If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax consequences? The...

If you own a valuable piece of art, or other property, you may wonder how much of a tax deduction you could get by donating it to...

Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there are still more...

Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health...

Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the...

As we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their loved ones. By properly...

In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires and other disasters. No matter...