ConnollySteeleMar 2, 20232 minBuying a new business vehicle? A heavy SUV is a tax-smart choiceIf you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break...
ConnollySteeleMar 2, 20232 minAwarded money in a lawsuit or settlement? It’s only tax-free in certain circumstancesYou generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example,...
ConnollySteeleFeb 22, 20232 minDo you run a business from home? You may be able to deduct home office expensesMany people began working from home during the COVID-19 pandemic — and many still work from their home offices either all the time or on...
ConnollySteeleFeb 22, 20232 minThere still may be time to make an IRA contribution for last yearIf you’re getting ready to file your 2022 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to...