Haven’t Filed an Income Tax Return?
Procrastinating on your tax return? You may not like the consequences if you wait too long. Find out more in this week’s Tax Tip.
Tax Planning Tips: Auto Insurance
If you use your car for business, certain insurance-related costs can be deducted on your federal income tax return. Learn more in this Insurance Tip.
Maximizing Qualified Tuition Program Contributions
With high contribution limits, 529 plans can be used as both as a college savings tool and an estate-planning tool. Learn more in this Tax Tip.
How do I figure the tax on the sale of my home?
You may be able to exclude up to $500,000 of capital gain from federal income tax when you sell your home for MFJ. Read more in this Tax Tip.
Directing Your Tax Refund to Your IRA
If you are looking for an easy way to make an IRA contribution, consider directing your tax refund to your IRA. Read our article in today’s Marietta Daily Journal
How Business Website Expenses Are Deducted
Is your business online? You may be able to deduct some costs of your business website. Find out how in this Business Tip.
Don’t Overlook the Earned Income Tax Credit
Low income earners and couples with qualifying children are eligible for a Earned Income Tax Credit. Learn more in this Tax Tip.
Is there a new way to calculate my home office deduction?
The stringent tests to qualify for a home office deduction haven’t changed, but calculating your deduction got easier. Learn more in this Tax Tip.
Preparing for Tax Crunch Time
Bil Lako, CFP®, explains why your accountant needs to be aware of any special reporting requirements you may have. Read our article in today’s Marietta Daily Journal
Family Home Loan Interest May Not Be Deductible
Loaning money to a family member for the purchase of a home may have unintended tax consequences. Learn more in this week’s Tax Tip.