If you are considering buying an electric vehicle, adding solar to your home or making energy-saving improvements to your home, you may want to wait for the outcome of the $3.5 trillion Build Back Better Act (BBBA) legislation being hotly debated in Congress.
One of the most important things to understand about being a startup entrepreneur is that there is no “one size fits all” approach to what you're doing.
Many wealthy individuals are using a backdoor IRA strategy involving the conversion of traditional IRA and Roth 401(k) accounts to take advantage of the tax shelter.
Are you thinking about buying personal property (such as a car, a computer, or other equipment) or real property (such as a building)?
When you’re trying to figure out how compound interest works, the “rule of 72” is one of the most helpful tools available.
Taxes are like vehicles in that they sometimes need a periodic check-up to make sure they are performing as expected, and if ignored, can cost you money.
An obscure tax credit — generally referred to as the R&D (research and development) credit—was originally added to the tax code in 1981 as a two-year incentive for businesses and has been extended every year since, until it was recently made permanent.
Before the COVID-19 pandemic, the IRS was getting refunds out swiftly and responded to calls and correspondence in a reasonable amount of time.
Married taxpayers have two options when filing their 1040 or 1040-SR tax returns. The first and most frequently used filing status is married filing joint (MFJ), where the incomes and allowable expenses of both spouses are combined and reported on one tax return.