With utility costs on the rise and a growing push toward greener living, now might be the perfect time to consider making energy-efficient improvements to your home. And thanks to the recently passed One Big Beautiful Bill Act, there’s still
You may expect your tax refund to be paid in full once the IRS processes your tax return. However, there’s a catch: the Treasury Department can deduct certain debts from your refund before you see a cent. This process is
If your friend recently moved to the U.S. from Greece, they will encounter a few unique tax rules and responsibilities that differ from what they were accustomed to in Greece. Here’s a high-level overview of eight key tax considerations your
If you’re thinking about relocating to a new state to lower your tax bill, you’re not alone. With more professionals working remotely and retirees seeking better financial conditions, the tax impact of your state of residence has become a hot
If you’re making quarterly estimated tax payments, missing a deadline can be expensive. The IRS currently charges a 7 percent penalty for underpayments and since penalties are not tax-deductible, the real financial impact can feel closer to 11 percent. However,
The U.S. operates under a “pay as you go” tax system, meaning income taxes must be paid to the IRS throughout the year as income is earned. These payments can be made through withholding, estimated tax payments, or a combination
If you’re a business owner with no employees and prefer the long-term benefits of Roth-style retirement savings, the Mega Backdoor Roth strategy may be one of the most powerful tools available to you. It allows for contributions far beyond the
The tax code has a way of surfacing in places you might not expect especially when it comes to hiring help around the house. One commonly overlooked area is the nanny tax, which can apply even in temporary or informal
If you own a vacation home or second property that you rent out, even part-time, there is a recent tax court case worth your attention. It serves as a clear reminder of how important proper documentation and proactive planning are
If you formed an S corporation to save on self-employment taxes, your salary is a crucial part of that strategy. But how do you know if your S corporation salary is correct? If your salary is: Too low – you
