Top Year-End Tax-Saving Strategies for 2024-25: Maximize Your Refund

Top year end tax saving strategies to maximize your refund

As the year-end approaches, I know how stressful it can be to juggle tax planning with everything else on your plate. It’s easy to feel overwhelmed and risk overpaying on your taxes, especially with ever-changing rules and deadlines. That’s why I’m here to help you cut through the clutter.  In this blog, I’ll walk you […]

How 1031 Exchanges Can Impact Baby Boomers’ Financial Planning

How 1031 Exchanges Can Impact Baby Boomers’ Financial Planning

If you’ve ever sold a rental property or your beloved home, you might have been surprised by the tax implications. I recall a client from last year who sold a rental property for about $350,000 and their primary residence for over $2 million. They were stunned by the hefty tax bill on the rental property […]

How 1031 Exchange Can Impact Baby Boomers’ Financial Planning

How 1031 Exchanges Can Impact Baby Boomers’ Financial Planning

If you’ve ever sold a rental property or your beloved home, you might have been surprised by the tax implications. I recall a client from last year who sold a rental property for about $350,000 and their primary residence for over $2 million. They were stunned by the hefty tax bill on the rental property […]

Tax-Smart Hobbies: Fun Things to Do in Retirement with Added Tax Benefits

Tax-Smart Hobbies Fun Things to Do in Retirement with Added Tax Benefits

Retirement is a new chapter that brings a lot of freedom and, let’s be honest, a bit of uncertainty too. I remember when I first settled into retirement, I found myself wondering, “What now? How do I make the most of this time without it all feeling aimless?” It’s a common feeling—suddenly, there’s all this […]

Must Read: How to Claim Up to $2,500 for Student Loan Interest

Claim up to $2,500 for Student Loan Interest easily. Find out how to get the most from your student loan payments.

If you paid student loan interest last year, there’s a great opportunity for you to save up to $2,500 on your taxes. While you won’t get this amount back as a refund (since it’s a deduction, not a credit), it can significantly reduce your taxable income, making it a valuable benefit. But here’s the catch: […]

IRS Direct File: Find Out Which States Are Not Included

Today, I’m excited to share some fantastic news about the IRS’s new Direct File system. This program, now a permanent fixture, is a game-changer for taxpayers with an adjusted gross income (AGI) under $200,000. It allows you to file your taxes directly with the IRS, and guess what? It’s completely free! Last year, the pilot […]

Income Tax Alert: Biden’s Plan to Double Capital Gains Tax

Income Tax Alert: Biden’s Plan to Double Capital Gains Tax

President Biden’s latest budget proposal for fiscal year 2025 is making big waves. At a whopping $7.3 trillion, his plan not only targets wealthy individuals with a new minimum tax on billionaires and a nearly doubled capital gains tax rate but also looks to raise the Medicare tax rate. If that’s not enough, the budget […]

Trump’s No Tax on Tips Plan: A Game Changer for Service Industry Workers?

Trump's No Tax on Tips Plan: A Game Changer for Service Industry Workers?

The past few months have been a whirlwind in the political space. With President Trump surviving an assassination attempt, Joe Biden dropping out of the presidential race, and Kamala Harris emerging as the Democratic Party’s candidate, the 2024 election cycle has been nothing short of dramatic. Amid all the political manoeuvres, the candidates have been […]