Tag: Individual Tax

The deadline for filing your 2022 tax return is coming up on April 18. But, two other tax deadlines are coming up in April as well, and they’re important for

Did you make large gifts to your loved ones or other heirs last year? If so, it’s important to determine whether you’re required to file a 2022 gift tax return.

Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you can claim a capital loss

You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards and judgments for ‘personal physical

If you’re getting ready to file your 2022 tax return, there may still be an opportunity to reduce your tax bill if it’s higher than you’d like it to be.

If you’re a parent, you may be confused about the rules for claiming the CTC. The rules and credit amounts have changed significantly over the last six years. This tax

Many people are more concerned about their 2022 tax bills than their 2023 tax situations. That’s understandable because (unless you file an extension) your 2022 individual tax return is due

If you take an early withdrawal, most retirement plan distributions are subject to income tax and could be subject to an additional penalty. In general, it’s considered early when participants

On January 23, the IRS announced it opened the 2023 individual income tax return filing season and began accepting and processing 2022 tax year returns. Even if you don’t usually

Like many parents and grandparents, you might have a tax-favored account to help your child or grandchild through college. A 529 plan is a common example that many use to