Tag: Individual Tax

In 2026, taxpayers in the top federal income tax bracket will begin to see their itemized deductions reduced. Here are steps you can take now to help mitigate the negative

Considering making financial gifts to loved ones? Do you want to reduce your capital gains tax? If you consider giving appreciated stock instead of cash, you could potentially eliminate all

Are you curious about the tax impact on employees and self-employed individuals is for 2026? Let’s look at the implications of the newly-released 2026 Social Security wage base. FICA Tax

A high-deductible health plan (HDHP) paired with a Health Savings Account (HSA) is a financially smart health care plan that could help you as health care costs continue to increase.

One particular provision of the One Big Beautiful Bill Act (OBBBA) could significantly reduce your 2025 federal income tax liability. If you pay more than $10,000 in state and local

Your primary reason for supporting your favorite charities is probably not because you could save on taxes. However, it is an added benefit. Furthermore, donating appreciated stock instead of cash

Under the One Big Beautiful Bill Act (OBBBA), individuals who are age 65 or older can now claim a new “senior” deduction of up to $6,000 starting now in 2025

According to the National Center for Health Statistics, approximately 1.3 million Americans live in nursing homes. If your parents fall into this category, there may be specific tax implications that

Receiving a letter from the IRS can feel intimidating and unsettling for many taxpayers. Official letters with the IRS seal can make the receiver wonder if they made a mistake

Are you age 50 or older? If so, you’re eligible to boost your retirement savings through additional “catch-up” contributions to your tax-advantaged retirement account(s). These extra contributions can provide more