US Tax Filing for Non-Residents: A Complete Guide
This comprehensive guide simplifies US tax filing for non-residents, covering filing requirements, deductions, credits, and unique considerations like having US citizen children.
Unlock Tax Savings in Your Property: A Guide to Cost Segregation
Unlock significant tax savings and boost your property’s cash flow with cost segregation, a strategic tax strategy that accelerates depreciation and maximizes deductions.
Inheriting Assets? Understanding the Step-Up Basis
Inheriting assets like a house or stocks can be a mix of emotions. While it’s a time to remember loved ones, it also comes with tax questions. One important thing to know about is the “step-up basis.” It might sound complicated, but don’t worry, we’ll explain it in a way that’s easy to understand. Key […]
The Child Tax Credit: Planning for Change
The Child Tax Credit is a valuable tax credit that helps many families reduce their tax burden. For the 2024 tax year, the maximum credit is $2,000 per qualifying child and $500 for other dependents. Additionally, the refundable portion, known as the Additional Child Tax Credit (ACTC), is up to $1,500 for 2024. Key Takeaways […]
Divorce Settlement Strategies: How to Optimize Your House Buyout for Tax Benefits
Learn how to optimize your house buyout during a divorce to minimize tax liabilities and maximize financial benefits by understanding capital gains exclusions, mortgage interest deductions, and state-specific property laws.
Should You File a Tax Return Even if You’re Not Required To? Tax year 2024/2025
Discover why filing a 2024 tax return might benefit you even if you’re not legally required, uncovering potential refunds, valuable credits, and smart financial strategies.
Divorce and Your House: Understanding the Tax Basis After a Buyout
Understanding your home’s cost basis after a divorce buyout is crucial for navigating the tax implications of property division, especially considering IRS Section 1041 and potential capital gains exclusions.
US Expat Taxes: A Complete Guide for Americans Living Abroad
This comprehensive guide clarifies US tax obligations for expats, covering the Foreign Earned Income Exclusion (FEIE), Foreign Tax Credit, filing requirements, and other crucial considerations for Americans living abroad.
A Comprehensive Guide to Cryptocurrency Taxes (2024)
Hey there, fellow crypto enthusiasts! Ever wonder if those Bitcoin gains could mean a bigger tax bill? At XOA TAX, we’re here to help you navigate the world of cryptocurrency taxes – no confusing jargon, just friendly guidance. Think of us as your tax buddies, here to break it down in a way that’s easy […]
Cryptocurrency Tax Minimization Strategies for Wealthy Investors
Learn savvy strategies to minimize your cryptocurrency tax liability, including loss harvesting, HIFO accounting, and advanced techniques for high-net-worth investors.
