Digital nomads have taken the idea of remote work to the extreme. While some may have home bases, some digital nomads have decided to travel the world and have jobs […]
Category: Tax Tips
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 […]
HSA Taxes: Healthcare Savings Account Tax Tips
Health Savings Account (HSA) often emerges as a rare opportunity for tax planning. An HSA provides a way to save for medical expenses and offers unique tax benefits that can […]
The Best Married Couples Tax Tips
It’s hard enough to navigate taxes when you’re on your own, but once you get married, everything becomes more complicated. Married couples face a unique set of challenges and opportunities. […]
4 Reasons to Extend Your Taxes in 2025
Tax extensions are a controversial subject, and there’s lots of bad information swirling around the internet. Truthfully, six-month extensions have become commonplace among businesses and individual tax payers, and there […]
What’s the IRS Standard Mileage Rate for 2023?
Transportation expenses can be among the biggest expenses for employees and business owners. The IRS allows you to take either the actual expenses for your travel costs or a standard […]
Do I Need a CPA? Probably Not…
Many taxpayers turn to Certified Public Accountants (CPAs) for their expertise and guidance. However, hiring a CPA can come with substantial costs. In this article, we’ll answer the question, “do […]
Roth IRA Conversion: Explained by Experts
Roth IRAs offer substantial benefits for retirement savers, but there are limits on annual contributions. However, you can bypass the limits by converting a regular IRA to a Roth account. […]
How to Use Tax Loss Harvesting to Save on Taxes
No one wants to take a loss on an investment, but it happens to the best. Fortunately, the government may allow you to deduct your losses on your tax return. […]
Capital Loss Tax Deductions for Real Estate
Real estate looks like an attractive investment in today’s high inflation environment, but it comes with risks. If your investment property loses value, you end up with a capital loss. […]