Mistakes To Avoid When Rolling Over Your IRA Congratulations! You’ve landed a new job and can’t wait to begin. After the farewells have been said, it will be time to roll over the retirement funds from your old job...
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Get Ahead on Your 2025 Taxes The 2025 tax year brings new opportunities — and some complexities — under the One Big Beautiful Bill Act. The law made many temporary provisions permanent, added new ones set to expire in...
The Augusta Rule: A Special Tax Break Originally created to protect the residents in Augusta, Georgia, who rented out their homes to attendees of the annual Masters Tournament, the Augusta Rule dates back to the 1970s. At that time,...
Tax Tips for Newlyweds Marriage brings many changes, including how you interact with government agencies. Taking care of tax-related paperwork early can prevent headaches later and ensure you get the full benefits of your new filing status. Update your...
Whether you have a simple or complicated tax situation, it’s worth knowing what tax benefits the IRS provides to members of the military, veterans and their families. These include the following: See theMilitary Family Tax Benefitspage on IRS.gov for...
The number of freelancers in the U.S. is steadily rising. In 2017, there were 57.3 million freelancers. In 2023, there were 73.3 million. By 2028, Statista projects there will be 90.1 million freelancers. That is an increase of over...
Tax-loss harvesting involves selling investments that have lost value and replacing them with similar — but not identical — assets to maintain your portfolio’s balance while creating tax advantages. For example, you might sell a stock or mutual fund...
Sales taxes are levied by percentage on finished products at the point of sale, but the rules and rates can vary significantly by jurisdiction. Only four U.S. states — Delaware, New Hampshire, Montana and Oregon — have no sales...
Before you can determine whether an individual providing services should be treated as an employee or an independent contractor, you must consider all the relevant facts regarding the degree of control you have over the worker and the amount...
How to Avoid Tax Pitfalls With Your Vacation Rental Property Purchasing a vacation home and renting it when you are not using it is an excellent way to help finance the property. However, the tax aspects of renting your...