Real estate can be a great investment. But it's important to know the tax rules for rental income.
The Federal tax filing and payment deadline has been extended. But some dates remain the same. Here's what you need to know about this tax season.
A third stimulus bill has been signed into law. It provides assistance through stimulus checks, expanded unemployment benefits, and more.
You may think filing your taxes on the first day of tax season is a good plan. But here's what you need to know before filing your tax return.
RMDs were suspended in 2020, but if you took the withdrawal and rolled it back, read this before preparing your tax return.
The recent stimulus package includes a spending bill for 2021 and a stimulus package intended to help individuals and businesses.
Nobody wants to outlive their money. Here is a strategy that can help reduce income taxes in retirement, ensuring your money will last longer.
Do you know that NJ offers to freeze the property tax of senior citizens and disabled homeowners? The deadline to apply is December 31; so don't delay.
This year's extreme market volatility may have significant tax consequences for mutual fund investors. Here's what you need to know.
On March 21, the IRS postponed the tax filing deadline from April 15 to July 15. But New York and New Jersey didn't follow suit on all the tax deadlines. Here's what's due Monday.
New Jersey has extended the State income tax filing deadline for individuals, corporations, trusts and estates, and other non-corporate tax filers.
New York State has extended the April 15, 2020 due date for filing personal income tax and corporate tax returns. Here's what you should know.
The CARES Act is an economic stimulus package designed to help small businesses and individuals during the Coronavirus pandemic. Here are the main points that impact individuals.
The due date for filing Federal income tax returns has been extended for all taxpayers. This change does not extend to individual states yet. Here's what you need to know.
The IRS has extended some relief for taxpayers affected by the ongoing Coronavirus pandemic. Here's what you need to know.
Making Qualified Charitable Distributions can be a great way to maximize your charitable giving. But this strategy must be reported properly at tax time. Learn how to avoid a tax trap.
The recently passed SECURE Act has made several changes to retirement plans, some of which could result in an increase in the amount of money being left to charities. Read why.
New tax laws made significant changes to Federal income taxes beginning in 2018. While there was no significant new legislation in 2019 affecting individual taxes, personal situations do change from year to year, thus requiring a fresh look at how to approach your year-end tax planning. Here are some suggestions.
The SECURE Act can potentially make significant changes to retirement and 529 Plan accounts. Read about some of the major components here.
Tax laws have changed, and in some cases popular deductions have been reduced and even eliminated. However, there are some unusual medical deductions you might not have considered.
So many Americans are still trying to figure out if the new tax law helped or hurt them. One’s instinct is to judge it based on whether you paid more taxes this year or last year. However, this may not be an accurate way to assess the result. Find out why.
Tax season officially started this week, and the IRS maintains it is expecting to issue refunds within 21 days of when it receives and accepts a return - the same as always. Consider these tips to save your preparer time, and potentially save yourself money.
Another tax bill is working its way through the House. If passed in its present form, it makes changes to retirement plans and other things. Read more.