Medical expenses can trim taxes. Keeping good records and knowing what to deduct make all the difference. Taxpayers can only claim medical expenses that they paid […]
Consolidated Appropriations Act, 2021 Under the Consolidated Appropriations Act, 2021, a pension plan will not fail to meet qualification requirements solely because it provides for a […]
Rental Property as Qualified Business Income If you operate a rental real estate business, you may qualify to claim the business income deduction under Section 199A […]
Kiddie Tax Taxpayers with dependents who have unearned income during the year might want to consider some year-end tax planning strategies to reduce their overall tax […]
Tax Benefits of Cost Segregation Business and individual taxpayers that acquire nonresidential real property or residential rental property have an opportunity to reduce the depreciable lives […]
Employer Tax Credit for Paid Family & Medical Leave The Consolidated Appropriations Act, 2021 extends the employer credit for paid family and medical leave through December […]
Rental Real Estate Landlords should be aware that keeping accurate accounting records is just as important as collecting the rent on time each month. If a […]