Tag: Individual Tax

Whether it’s a lottery prize, gambling winnings, or other awards, it’s easy to focus on the excitement of a big win. However, federal tax law generally treats these things as

Summer is a good time to review whether your income, deductions, and investment activities are lining up as expected and determine if you qualify for these tax saving opportunities. Your

The new tax deduction for taxpayers age 65 and older was sometimes referred as “no tax on Social Security” last year. However, this deduction of up to $6,000 per individual,

In many areas of the country over the last several years, home values have risen significantly, often leaving homeowners with substantial gains after they sell. While a large profit is

Even when unemployment is relatively low, job loss can affect workers across many industries. In May 2026, the U.S. unemployment rate was 4.3%, according to the U.S. Bureau of Labor

An assumption often made by parents about the so called “kiddie tax” is that it only applies to minors, while some parents may not even know it exists. However, the

It’s common knowledge that you can make pre-tax contributions up to the annual elective deferral limit to a traditional, tax deferred account or after-tax contributions to a Roth account if

Taxpayers are continuously targeted through email, text message, phone calls, and regular mail by tax scammers. To trick victims into sharing sensitive information or sending money, tax scammers often attempt

Qualifying for a deduction when donating artwork to a charity depends on several factors such as how the piece will be used and the type of organization receiving the piece.

State taxes can have a significant financial impact if you’re relocating for work, retirement, family, or lifestyle reasons. Establishing residency for tax purposes can be more complicated than expected and