ConnollySteeleMar 22 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 222 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 222 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...
ConnollySteeleFeb 152 minKey tax issues in M&A transactionsMerger and acquisition activity dropped dramatically last year due to rising interest rates and a slowing economy. The total value of M&A...
ConnollySteeleFeb 152 minChild Tax Credit: The rules keep changing but it’s still valuableIf you’re a parent, you may be confused about the rules for claiming the Child Tax Credit (CTC). The rules and credit amounts have...
ConnollySteeleFeb 72 minAnswers to your questions about 2023 limits on individual taxesMany people are more concerned about their 2022 tax bills right now than they are about their 2023 tax situations. That’s understandable...
ConnollySteeleFeb 72 minHave employees who receive tips? Here are the tax implicationsMany businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include...