Finance lessons I wish I learned in my 20s
In my 20s, I used to think budgeting was restrictive, but now I realize it’s the foundation of financial freedom. When you track where your money goes, you’re in control of your […]
Tax Advice
Unleashing the Potential of Mega Backdoor Roth IRA
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 […]
Are Medical Expenses Tax Deductible? All You Need To Know
Medical expenses can put a serious dent in anyone’s budget, and especially during uncertain times, it’s crucial to know how they impact your taxes. So, let’s dive into a question you might […]
Tax Efficient Home Improvement Credits
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 […]
Understanding Taxes in the United States
Taxes are an essential aspect of any modern society, serving as the primary source of revenue for governments to fund public services and infrastructure. However, navigating the intricacies of the tax system […]
Navigating the California Exit Tax: What You Need to Know Before Leaving the Golden State
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 […]
Parking Reimbursements for Employees: What You Should Know
There’s no way around it I know, the commute to work combined with the lack of parking in big cities is frustrating to many. Some employers have the ability to set up […]
“What Happens if I Accidentally Omitted Information on My Tax Return?”
The whirlwind of personal income tax return season has finally subsided for another year – or so you thought, until you realize there’s information you forgot to include. Whoops! Now what? Your […]
“Can I Deduct the Cost of My Commute to Work?”
If you’re wondering about your commuting expenses and whether or not they are potentially deductible we have all your information. Unfortunately, commuting expenses, such as driving between your house and your office, […]
IRS Offers New Tax Extension
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 […]
Preparing Your Business for Tax Season
While tax season can be hectic for some people, it doesn’t always have to be. We have a comprehensive guide to help business owners prepare for tax season. Step 1: Organize Your […]
IRS Tax Rules For Imputed Interest
If you ever lend people money, you’re going to want to know about this one IRS rule that may make you liable to paying more taxes than you realize. The IRS expects […]