by Tabitha Regan, CPA | Feb 13, 2024 | Individual Tax
Each year, many individual taxpayers are shocked at who can be claimed as a dependent – as well as who can’t. In other words, tax dependents are not just young kids! In 2023, there are more incentives for claiming dependents, especially while paying for their medical...
by LittleOwlCPA Admin | Dec 1, 2023 | Individual Tax, Tax Planning
As the end of the year approaches, it’s an opportune time to review your financial situation and implement tax planning strategies to minimize your tax liability. By taking proactive steps, you can maximize your tax savings and potentially optimize your overall...
by LittleOwlCPA Admin | Sep 15, 2023 | Individual Tax, Tax Planning
Employee stock options can be a valuable component of compensation packages offered by companies. They provide employees with the opportunity to purchase company stock at a predetermined price, often lower than the current market value. However, to make the most of...
by LittleOwlCPA Admin | Sep 1, 2023 | Individual Tax, Tax Planning
Owning a home is a significant life milestone which comes with potential tax benefits. As a homeowner, you may be eligible for various tax deductions that can help reduce your overall tax liability. Understanding the deductions available to you can result in...
by LittleOwlCPA Admin | Aug 4, 2023 | Individual Tax, Tax Planning
Investing in education is not only a wise decision for personal and professional growth but can also provide valuable tax benefits. By understanding the available tax credits, deductions, and savings plans, you can effectively plan your education expenses and maximize...
by Tabitha Regan, CPA | May 26, 2023 | Individual Tax, Tax Planning
Congratulations on your recent wedding! As you embark on this exciting journey together, it’s crucial to lay a strong foundation for your financial future. Combining your lives also means combining your finances, and understanding the implications of this step...
