Child and dependent care costs can take a big bite out of your budget. To help ease the load, the IRS offers a tax credit for qualifying care expenses incurred while you (or your spouse, if filing jointly) are working or looking for work....
If you bring someone into your home to perform regular or occasional services, the IRS may consider them a household employee. When this applies, you may be responsible for Social Security, Medicare, and unemployment taxes, along with specific reporting requirements....
The IRS has announced increases to key retirement contribution limits for the 2026 tax year. These changes affect 401(k), IRA, SIMPLE, and other qualified plans. If you're planning your long-term savings strategy or advising clients, these updates are worth noting....
It’s easy to assume that children don’t need to worry about taxes. However, if your child earns unearned income, like dividends or interest from investments, the IRS may require them to file a tax return. There are two primary scenarios that could make this necessary....
Saving for retirement doesn’t have to be overwhelming. One good place to start—or revisit—is with an individual retirement account (IRA). These accounts offer tax benefits that can make saving more manageable over time....
While National Preparedness Month officially wrapped in September, the reminders from the IRS still stand strong this October. With hurricane season still active, winter storms on the way, and wildfire risks lingering, it's a good time to double-check that your emergency plan is ready to...
Here’s what to know if you’re going through a separation or divorce. If you’ve recently separated or finalized a divorce, you’ve got a few tax-related updates to consider before the end of the year. ...
Last edition, we covered the impact on businesses of the new tax legislation. This month, it’s all about the provisions that impact individual taxpayers. Here are some key provisions to know about....
The One Big Beautiful Bill was passed into law on July 4. As with most tax legislation, this bill has an impact on both businesses and individuals. Here are some of the key provisions that will affect businesses. In our next newsletter, we’ll cover the...
The IRS shared some helpful reminders recently, and we’ve summarized them here so you can act now to make next tax season smoother....
