Explore, Learn, and Master Your Taxes
Simplify the complex world of taxes and finance with insights, tips, and strategies from a team of tax experts and financial enthusiasts
Tax Benefits of Health Savings Accounts (HSAs)
A Health Savings Account (HSA) is a tax-advantaged savings account designed for individuals with high-deductible health plans (HDHPs) to save for medical expenses. HSAs offer several tax benefits that make them an attractive o...
Understanding Self-Employment Taxes
What Are Self-Employment Taxes? Self-employment taxes are crucial for individuals who work for themselves, encompassing both Social Security and Medicare taxes. Unlike employees, self-employed individuals must pay the full amount of t...
Maximizing Deductions for Home Office Expenses
Working from home has become increasingly common, making it essential to understand how to maximize deductions for home office expenses. The IRS allows taxpayers who use part of their home exclusively and regularly for busines...
Take Advantage of the New RMD Rules
Retirement account owners are seeing some exciting changes regarding required minimum distributions or RMDs. Recent legislation has provided more flexibility and options for managing RMDs from 401(k)s, IRAs and other accounts. If you'...
Saving for the Future: Why Saving Accounts Beat Other Options
A savings account can be your financial best friend - if you know how to properly leverage it. While the interest earned is taxable, savings accounts offer security and flexibility that is hard to beat with other o...
Crypto Taxes: What Every Taxpayer Needs to Know
With cryptocurrencies like Bitcoin and Ethereum exploding in popularity in recent years, many taxpayers now need to report crypto-related income on their tax returns. But how exactly should you be handling crypto when it comes t...
Make the Most of Your 401(k) in 2024
As 2024 ramps up, now is the perfect time to evaluate how your 401(k) plan can help you reach your long-term financial goals. While the standard advice is to contribute as much as possible, the “max out your 401(k)” approach ...
