Tag: Individual Tax

As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That changed on July

Retirement planning is essential for all families, but it can be especially critical for couples where one spouse earns little to no income. In such cases, a spousal IRA can

They say age is just a number — but in the world of tax law, it’s much more than that. As you get older, the IRS treats you differently because

College can be a significant expense. The average sticker price for tuition and fees at private colleges was $43,350 for the 2024–2025 school year, according to the College Board. While

If you’re 65 or older and have basic Medicare coverage, you might need to pay extra premiums for more comprehensive insurance. These additional costs can add up quickly—especially for couples,

On May 22, 2025, the U.S. House of Representatives passed a sweeping piece of legislation known as The One, Big, Beautiful Bill Act, which could bring notable changes to several

Do you believe you don’t need to worry about estate planning because of the current federal estate tax exemption ($13.99 million per individual or $27.98 million for married couples in

As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’ scrutiny of how taxpayers report these transactions on their federal income tax returns. The IRS

In addition to providing a flexible and autonomous way to earn income, the gig economy also comes with tax obligations that can catch many workers off guard. Whether you’re driving

If you’ve recently received a settlement or award from a lawsuit, or you’re expecting one, you may be wondering how the IRS views this money. Will you need to pay