Jun 9, 2025 | Tax Talk Tuesdays
Relocating to a new state can significantly impact your tax obligations. State residency rules vary widely and can affect income tax, property tax, and eligibility for deductions or credits. Understanding how residency is determined is essential for taxpayers planning...
Jun 3, 2025 | Tax Talk Tuesdays
Paying for education has never been easy, but in 2025, families have more tools than ever to reduce the financial strain. From federal tax credits that offer immediate relief to state-sponsored 529 plans that grow tax-free and may offer income tax deductions or...
May 23, 2025 | Tax Talk Tuesdays
For business owners looking to lower their tax bills while positively impacting underserved communities, the Federal Empowerment Zone (EZ) program offers a compelling opportunity. Initially created in the 1990s to revitalize economically distressed urban and rural...
May 20, 2025 | Tax Talk Tuesdays
For homeowners in the Northeast, property taxes are a significant financial consideration, often ranking among the highest in the country. While property tax rates vary significantly by county, the differences between states like Pennsylvania, New Jersey, and New York...
May 10, 2025 | Tax Talk Tuesdays
Your business structure determines how you’re taxed, your personal liability, access to capital, and how much red tape you’ll face. In 2025, amid shifting tax rules and regulatory priorities, selecting the right structure isn’t just a legal step; it’s a...
May 6, 2025 | Tax Talk Tuesdays
Manufacturers face a fast-changing and capital-intensive landscape, making it essential to take full advantage of the tax-saving opportunities available in 2025. From equipment write-offs and R&D credits to clean energy incentives, current tax policy supports...
Apr 29, 2025 | Tax Talk Tuesdays
In business, not every year ends in profit, but a financial loss doesn’t have to be a setback. In 2025, net operating losses (NOLs) remain a valuable tool under the U.S. tax code, giving business owners a strategic way to offset future taxable income and strengthen...
Apr 15, 2025 | Tax Talk Tuesdays
Several changes to federal gift and estate tax rules have taken effect for 2025, creating valuable options for tax savings and strategic planning, particularly for high-net-worth individuals. However, time is of the essence, as the Tax Cuts and Jobs Act (TCJA) is...
Apr 8, 2025 | Blog Posts, Tax Talk Tuesdays
If your child earns income from investments—such as interest, dividends, or capital gains—you may need to be aware of the “kiddie tax.” This tax rule can impact how much your family owes at tax time, especially if your child’s unearned income goes over a certain...
Apr 1, 2025 | Tax Talk Tuesdays
The Child Tax Credit (CTC) can significantly reduce the tax you owe—and, in some cases, increase your refund. Even if you typically don’t file a tax return, you may still be eligible to claim this valuable credit if you have qualifying children. For the 2025 tax year,...
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