Tax Saving Strategies for Halloween and Thanksgiving: Maximize Year-End Savings
As the holiday season approaches, many of us feel the pinch in our wallets. Halloween treats and Thanksgiving feasts can quickly add up, leaving little room for year-end savings. But what if I told you that this festive time of year could also be a golden opportunity to reduce your tax burden? This is the […]
Top Year-End Tax-Saving Strategies for 2024-25: 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
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 Project 2025 Tax Plan Would Burden the Middle Class While Benefiting the Wealthy
As someone who closely follows tax policies and their impact on everyday Americans, I can’t help but feel concerned about the latest developments surrounding Project 2025. This so-called “Mandate for Leadership” has laid out a tax plan that could drastically shift the financial burden onto middle-class families while handing out tax breaks to the wealthy […]
How 1031 Exchange 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
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 […]
How Project 2025 Tax Plan Would Burden the Middle-Class While Benefiting the Wealthy
As someone who closely follows tax policies and their impact on everyday Americans, I can’t help but feel concerned about the latest developments surrounding Project 2025. This so-called “Mandate for Leadership” has laid out a tax plan that could drastically shift the financial burden onto middle-class families while handing out tax breaks to the wealthy […]
Must Read: How to Claim Up to $2,500 for Student Loan Interest
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: […]
Trump v/s Harris: Controversial No-Tax Proposal To Eliminate Taxes on Tips: Expert Opinions
Hey folks, I’ve been following the latest buzz around tax proposals, and the recent push from both former President Donald Trump and Vice President Kamala Harris to eliminate taxes on tips has definitely caught my attention. At a recent rally in Las Vegas, Harris promised to champion this change, aligning herself with Trump’s earlier proposal […]
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 […]