October Tax-Saving Tips
This month we have more tax-saving tips that you may be able to implement to reduce your tax liability.
Taxation of 529 College Savings Account Withdrawals
October 20, 2021
529 College Savings Account Taxation on Withdrawals The big advantage of 529 plans is that qualified withdrawals are always federal-income-tax-free—and usually state-income-tax-free too. What you
Tax-Home Rules You Should Know
October 20, 2021
Tax-Home Rules When you travel out of town overnight, you need to know the tax-home rule. The IRS defines your tax home, and it’s not
Principal Residence Gain Exclusion Break
October 20, 2021
Principal Residence Gain Exclusion Break Here’s a look at how to apply the $250,000 ($500,000, if married) principal residence tax break when getting married or
The Basics of Depreciation
October 20, 2021
The Basics of Depreciation Are you thinking about buying personal property (such as a car, a computer, or other equipment) or real property (such as