Tag: Individual Tax

Lately, stock, mutual fund, and (exchange-traded fund) ETF prices have bounced around. If you make what turns out to be an ill-fated investment in a taxable brokerage firm account, the

After a loved one passes away, you may inherit assets. If so, they often arrive with a valuable — but frequently misunderstood — tax benefit called the step-up in basis.

Once the IRS has your 2024 tax return, you may be tempted to clear out file cabinets and delete digital folders. But before reaching for the shredder or delete button,

Tuesday, April 15 is the deadline for filing your 2024 tax return. However, another tax deadline that is essential for certain taxpayers is coming up on the same day. It’s

When preparing your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of household, or qualifying widow(er). Only some people are

Have you ever invested in a business only to see its stock value plummet? (This may become relevant in light of recent market volatility.) While such an investment might be

When it comes to transportation-related employee fringe benefits, there are some nice tax breaks. If your employer offers these tax-favored fringes, you should probably take advantage of them by signing

If you made significant gifts to your children, grandchildren, or other heirs last year, it’s important to determine whether you’re required to file a 2024 gift tax return. And in

You may wonder if you can claim itemized deductions on your tax return. Maybe you made charitable contributions and were told in the past they couldn’t be claimed because you

If your tax bill is higher than you’d like as you begin to file your 2024 tax return, there may still be a chance to lower it. If you’re eligible,