Blog Category: Tax

As of 2022, the current estate tax exemption is $12.06 million, allowing many to disregard concerns with federal estate tax. Compared to a decade ago, when planning was focused on

Finding out your Social Security benefits may be taxable is a surprise to some taxpayers. The answer to the question if your benefits could be subject to tax is: “it

Effective July 1, 2022, the IRS has increased the 2022 standard mileage rate to 62.5 cents per mile. This is an increase of 4 cents over the rate that was

Parents and relatives often purchase Series E and Series EE savings bonds for their kids and as financial gifts for younger family members. In fact, most owners rarely look at

The housing market is sizzling hot right now and has been for the last 18 – 24 months. Home inventories are very low which has created bidding wars and many

The IRS sends notices or letters for a variety of reasons; a change to your return, a balance due, or a request for additional information just to name a few. 

Some high-valued contributions to charity will require a qualified appraisal. The IRS requires documentation from the donor and charitable organizations to allow the donor to deduct these contributions. Contributions of

Have you been taking care of an elderly parent, grandparent, or dear friend? You may be eligible for these 4 tax breaks: 1. Medical Expenses: If you are providing over

The tax filing deadline for 2021 tax returns is April 18 this year. After your 2021 tax return has been successfully filed with the IRS, there may still be some