Unveiling the Tax Implications of Scholarships
Don’t get caught off guard! If your child has been awarded a scholarship, that’s cause for celebration. For some students, it will mean the difference between going to the college …
Blog
Tax Implications of Losing Your Job
Despite the robust job market, some people are still losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind. However, you …
Adopting a child? Bring home a tax break too.
Two tax benefits are available to offset the expenses of adopting a child. In 2023, adoptive parents may be able to claim a credit against their federal tax for up …
Is it a good time for a Roth conversion?
The volatility in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA invested in stocks, a decline may …
Can an individual deduct vehicle expenses?
It’s not just businesses that can deduct vehicle-related expenses on their tax returns. Individuals also may be able to deduct them in certain circumstances, if they have a business-related purpose. …