Why Your Business Needs a Business Bank Account

Running a successful business involves complex decision-making, precise planning, and meticulous execution. One of the crucial first steps towards launching a successful business venture is setting up a dedicated business bank account. Your business bank account gives your company a strong foundation for transparent and compliant finances.  Here’s what you need to know about business […]

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High Rates and Mortgage Interest Deduction Limits 2023

If you’re thinking about wading into homeownership or are considering refinancing this year, it’s important to know how the mortgage interest deduction will affect you. The IRS limits the amount of mortgage interest that homeowners can deduct. We’ll take a look at the mortgage interest deduction limits for 2023, how mortgage interest affects your deductions, […]

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IRS Inflation Adjustments for Tax Year 2023

Every year, the IRS tweaks certain deductions to account for inflation. IRS inflation adjustments affect many parts of your taxes, including income tax brackets, standard deductions, and several other tax credits and deductions. The changes discussed in this article will apply for tax year 2023, so you can expect to see these adjusted totals starting […]

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Inflation Reduction Act IRS Funding: Explained

The Inflation Reduction Act (IRA) was passed in August 2022 to lower inflation, lower prescription drug prices, and promote clean energy. Some provisions were immediately enacted, while others will be phased out over the next few years. The question on everyone’s mind is, “what’s up with the Inflation Reduction Act IRS Funding?” The short answer […]

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The 21 Best Deductions for Airbnb Hosts
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