Maximize Tax Savings with IRS Hobby Loss Rules Explained
Understand the IRS hobby loss rules and how they impact taxes, including the effect of the TCJA, profit motive factors, and deductions for hobby versus business
Tax Planning
Are Hobby Losses Tax Deductible?
The IRS has hobby loss rules to determine whether an activity is a hobby or a business. Watch this video to learn more.
Tax-Free Weekends Guide: September – December 2024
Looking to save money as the end of the year approaches? Tax-free weekends are a fantastic opportunity! Find your September-December 2024 guide here
Tax Tips for Game Show Winners
Tax Tips for Game Show Winners: Reduce Taxes on Prizes and Learn Fair Market Value Strategies for Cash, Cars, Vacations, and Non-Cash Rewards!
Minimize a Surviving Spouse’s Estate Tax
The portability election allows a surviving spouse to use the deceased spouse’s unused estate tax exclusion, potentially reducing their own estate tax.
Video Tips: 7 Tax-Saving Strategies for A Low-Income Year
Video Tips: 7 Tax-Saving Strategies for A Low-Income Year
Ever Wonder What Tax Breaks Are Available for Volunteers?
Volunteering for a non-profit charity can offer valuable tax breaks and advantages with itemized tax deductions.
Unraveling the Mysteries of Crowdfunding
Crowdfunding is a way for individuals and businesses to raise funds for a wide array of projects
How Working Abroad Can Slash Your Tax Bill
Understanding the intricacies of the Section 911 Foreign Earned Income Exclusion, along with the housing allowance, physical presence test, and bona fide reside
Rent Your Vacation Home: Boost Earnings, Reduce Taxes
A vacation home can be a dream come true, offering a personal retreat and potential rental income.