Terms like “tax write-off” and tax deduction get bandied about a lot. Unfortunately, there is also much misinformation and hype. This article will try to provide clarification. The goal is to help you determine whether to take the standard ... READ MORE
Category: Money Matters
The IRS recently announced new tax brackets and standard deduction amounts for the 2025 tax year. The inflation adjustments mean that people will not end up in higher tax brackets just because their salaries kept pace with inflation. It also ... READ MORE
Category: Money Matters, Work & Life
There is still time to make 2023 contributions to Individual Retirement Accounts (IRAs) and Health Savings Accounts (HSAs). The deadline to make these contributions is April 15, 2024. This is helpful because there is a limit on how much can ... READ MORE
Category: Money Matters, Work & Life
Are you a homeowner looking for good tax deductions? For most Florida homeowners, the first thing to check is mortgage interest and property taxes. Mortgage interest can be a tax deduction if you choose to itemize deductions. A tax filer can ... READ MORE
Category:
The Tax Cuts and Jobs Act (TCJA) of 2017 included a significant increase in the standard deduction. Individual tax filers can choose to reduce their taxable income by either taking the standard deduction or itemizing deductions. As a result ... READ MORE
Category: Money Matters