When it comes to taxes, there’s nothing worse than being caught off guard by a penalty. One of the most common—and costly—issues taxpayers face is underestimated estimated tax penalties. In 2023, these […]
In response to the devastating wildfires that have swept through Los Angeles County, California is offering tax relief measures to affected residents and businesses. Governor Gavin Newsom announced that the California Franchise […]
California business owners, you’re going to want to pay attention to this important update. Starting January 1, 2025 businesses one or more employees “must participate in CalSavers if they do not already […]
The IRS is taking steps to help taxpayers by sending automatic payments to individuals who missed claiming the Recovery Rebate Credit on their 2021 tax returns. Here’s what you need to know: […]
For U.S. citizens living abroad or earning income from foreign sources, you still have to meet your tax obligations back home. The U.S. tax system taxes worldwide income, which means income earned […]
The Mega Backdoor Roth IRA stands out as a powerful strategy for high-income earners looking to supercharge their tax-advantaged savings. While the traditional Roth IRA and 401(k) plans offer valuable benefits, the […]
Planning a renovation project? Let’s talk about some tax-saving tips that could make your home improvements even more rewarding. Today, we’ll explore both Federal and California-specific incentives that could save you money […]
California, renowned for its scenic beauty and vibrant economy, also carries the reputation of imposing high taxes on its residents. For those contemplating a departure from the Golden State, there’s an additional […]
Understanding the IRS Rule Effective in 2024, the SECURE 2.0 Act permits employers to contribute to an employee’s retirement plan, such as a 401(k) or 403(b), based on the employee’s student loan […]
The Internal Revenue Service (IRS) made an announcement this week that has provided much-needed tax relief for individuals and businesses grappling with the aftermath of severe storms and flooding that struck parts […]
If you receive income via Venmo, PayPal, or CashApp then you’re in luck! The IRS chose to delay its 2021 law that required those who use payment platforms to send in tax […]
Think all credit card rewards are great, think again! Credit card companies love to tout their reward programs, from cash back on purchases to free travel and exclusive perks. These rewards are […]
