by Stephanie Nolan | Mar 25, 2025 | Individual Tax
Have you ever made a mistake on your tax return? From data entry errors to misunderstanding tax credits, the most common tax mistakes can often be avoided with a little extra care and preparation. In this post, we’ll walk you through the top ten tax filing mistakes to...
by Stephanie Nolan | Mar 5, 2025 | Individual Tax
An unexpected tax notice can be a bit of a shock. Unexpectedly needing to pay hefty tax penalties and interest is a reality for many individuals, with some even needing to serve time for tax fraud. The IRS has seen a recent surge in IRS penalties issued, with many...
by Stephanie Nolan | Feb 18, 2025 | Family, Individual Tax
If you’re a homeowner, you may have heard the term “homestead exemption” mentioned in relation to your property taxes or legal protections. But what exactly is a homestead exemption, and how does it benefit you as a homeowner? Let’s dive into the...
by Laxmi Patel | Feb 12, 2025 | Individual Tax
Many taxpayers may not realize that they need to pay taxes on the interest they accrue on loans, bonds, savings accounts, and more. To the government, almost all income is taxable income, but interest income is easy to forget or ignore. In short, if you’ve made money...
by Anandi Seetharaman | Feb 4, 2025 | Individual Tax, Tax Planning
The tax year 2024 adjustments apply to income tax returns filed in 2025. Revenue Procedure 2023-34 provides detailed information about these annual adjustments. The main highlights and most important changes changes are listed below. The Standard Deduction The...
by Laxmi Patel | Jan 8, 2025 | Individual Tax, Small Business, Tax Planning
The Tax Cuts and Jobs Act (TCJA) of 2017 aimed to stimulate economic growth. Key provisions from the TCJA are set to expire on December 31, 2025 that will impact individuals. These provisions include capped deductions for state and local taxes (SALT) at $10,000,...
