MAY 30 2023

Changing Jobs? Don’t Forget About Your 401(K)

One of the most important questions you face when changing jobs is what to do with the money in your 401(k) plan. Making the wrong move could cost you thousands of dollars or more in taxes, penalties and lower returns. Consequences of Cashing Out Let's say you work five years.. Continue reading →

APR 30 2023

Reporting Foreign Income on Your Federal Tax Return

By law, U.S. citizens and resident aliens living abroad must file a U.S. income tax return and report any worldwide income. Some key tax benefits, such as the foreign earned income exclusion, are only available to those who file U.S. returns. As such, if you are living or working outside.. Continue reading →

MAR 31 2023

Five Overlooked Tax Breaks for Individuals

Are you confused about which credits and deductions you can claim on your 2022 tax return? You're not alone. With tax law becoming more complicated every year, it's hard to remember which tax breaks are available in any given year. With that in mind, here are five tax breaks you.. Continue reading →

FEB 09 2023

Taxable vs. Nontaxable Income

Are you wondering if there's a hard and fast rule about what income is taxable and what income is not? The quick answer is that all income is taxable unless the law specifically excludes it. But as you might have guessed, there's more to it than that. Taxable income includes.. Continue reading →

DEC 24 2022

Small Business Taxpayers: The Year in Review

Here's what business owners need to know about tax provisions for 2022: Standard Mileage Rates Due to inflation, there were two standard mileage rates in 2022: 62.5 cents per business mile driven (July 1-December 31, 2022) and 58.5 per business mile driven (January 1-June 30, 2022). Health Care Tax Credit.. Continue reading →

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