Can You Really Reduce Your AGI to $0 with Tax-Deferred Contributions?
Learn how tax-deferred contributions can lower your adjusted gross income (AGI) and explore strategies to maximize your tax savings while building a strong retirement plan.
Roth IRA Pros and Cons: Is It the Right Choice for Your Retirement Tax year 2024-2025?
This comprehensive guide explores the advantages and disadvantages of a Roth IRA, helping you determine if it aligns with your retirement savings goals.
Guide for Standard Deduction 2024-2025: Filing Statuses, Ages, and Dependents
This comprehensive guide explains the 2024 standard deduction, including amounts for various filing statuses, additional deductions for age and blindness, and when itemizing might be more beneficial.
Solo 401(k) Contribution Deadlines, Limits, and Strategies 2024-2025
This comprehensive guide outlines the 2024 and 2025 Solo 401(k) contribution limits, deadlines, and strategies to maximize your retirement savings as a self-employed individual or small business owner, including details on the SECURE 2.0 Act.
Student Taxes: A Guide to Stipends, Scholarships, and Investments
This comprehensive guide simplifies student taxes, explaining the tax implications of stipends, scholarships, investments, and financial aid to help students navigate tax season with ease.
Maximize Your Business Savings: Your Guide to Section 179 Deductions for Vehicles in 2024-2025
Maximize your business’s tax savings in 2024 by understanding and utilizing Section 179 deductions for vehicles, including bonus depreciation and the expanded benefits for used electric vehicles.
Simplifying Your Tax Filing: A Guide to Form 1040 Schedule 3 for 2024-2025
This comprehensive guide simplifies Form 1040 Schedule 3 for the 2024 tax year, explaining its purpose, who needs it, and how to correctly claim valuable tax credits to maximize your refund.
CPA vs. TurboTax: When to Invest in Professional Tax Help
This guide compares using a CPA versus TurboTax for tax preparation, outlining the pros, cons, and costs of each to help you decide which method best suits your financial situation and complexity.
Am I a Dependent? A Guide for Young Adults & Their Families
This comprehensive guide clarifies the complexities of IRS dependency rules, helping young adults and families understand dependency status and its impact on taxes and education benefits.
Understanding Profit Interest Units: A Deep Dive for Equity Holders
Profit interest units (PIUs) offer a share in future company profits, presenting tax advantages but also requiring careful planning, including potentially crucial 83(b) elections.
