by Stephanie Nolan | Nov 4, 2024 | Individual Tax, News, Small Business, Tax Planning
If you have been affected by Hurricane Helene, Hurricane Milton, or another recent federally declared major disaster, you may be relieved to hear that over the past few years, it has become easier to access your work-based retirement plan and IRA money. Following is a...
by Stephanie Nolan | Oct 23, 2024 | Individual Tax, Tax Planning
When it comes to supporting a cause, understanding the difference between “sponsorships vs. charitable contributions” is essential, especially when considering the tax implications. While both sponsorships and donations can provide valuable support to...
by Stephanie Nolan | Oct 9, 2024 | Family, Individual Tax
When inheriting an IRA, understanding the basics of inherited IRA rules is crucial for managing your tax liabilities and ensuring compliance with IRS regulations. The transfer of assets from the original owner to the beneficiary can be complex. We’ve summarized the...
by Tabitha Regan, CPA | Aug 26, 2024 | Accounting, Individual Tax
In an era of growing environmental consciousness, the Inflation Reduction Act of 2022 offers a suite of tax credits to make energy efficiency and renewable energy more accessible and financially attractive. This landmark legislation includes the Residential Clean...
by Stephanie Nolan | Aug 5, 2024 | Family, Individual Tax
Graduating from college is a significant milestone, but it often comes with the daunting task of managing student loan debt. Understanding when to pay student loans, how to develop an effective repayment strategy, and what options are available can make this process...
by Stephanie Nolan | Jul 24, 2024 | Family, Individual Tax
Navigating the complexities of student loan interest deductions can be challenging, but understanding the basics can significantly ease the process. This comprehensive guide will walk you through how to deduct student loan interest, explain who qualifies, and offer...
