Most people aren’t excited about doing their taxes, and even less if they worry they have to pay taxes when they file. The term most often associated with avoiding paying is “tax deduction.” Tax deductions are not just loopholes that… Read More
Archive for April, 2021
The Home Office Tax Deduction: An Overview
For reasons we’re sure you’re all familiar with by now, there’s a good chance you used your home as your office space in 2020 and will do so again in 2021. Using your home as an office space may mean… Read More
Overlooked Tax Deductions for Small Business Owners
The more tax deductions you make use of, the more money you will save. When small businesses partner with a CPA, they’ll be made aware of every write-off they could use. Most often, it’s small business owners who choose to… Read More
How Much Should You Save for Retirement?
Retirement is a dream of virtually every American. The time to start thinking about it is now. We all know that the sooner you start saving for retirement, the better. This is easy enough to understand. But a harder question… Read More
Traditional IRAs: 4 Early Withdrawal Penalty Exceptions
If you selected a traditional IRA (as opposed to Roth), one of the drawbacks you will have to contend with is a strict 10% penalty for early withdrawals. But, as strict as this rule is, there are a few exceptions… Read More