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.
Deductibility of IRA Contributions
Are your IRA contributions tax deductible? It depends on your income and if you are covered by an employer plan.
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.
Q&A Time: Spousal IRA, Ecolab, Pensions and Cemeteries
If we haven’t found the Fountain of Youth, are cemeteries a good investment?
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.
Q&A Time: Paying for College, Age-Weighted Profit Sharing Plans and Alimony
The “Money Talks” hosts address questions on retirement plans and taxes.
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.