It’s not too late to trim your 2024 taxes

As the end of the year draws near, savvy taxpayers look for ways to reduce their tax bills. ...
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Ensure you’re properly documenting your charitable donations

If you’re charitably inclined and itemize deductions, you may be entitled to deduct charitable donations. The key word ...
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Understand your spouse’s inheritance rights before getting remarried

One of the golden rules of estate planning is to revisit your plan after a significant life event. ...
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How much can you contribute to your retirement plan in 2025? The IRS just revealed the answer

The IRS has issued its 2025 inflation-adjusted contribution amounts for retirement plans in Notice 2024-80. Many retirement-plan-related limits will ...
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Taking the long view of long-term care insurance

The U.S. Department of Health and Human Services reports that roughly 70% of Americans age 65 or over ...
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The nanny tax: What household employers need to know

Hiring household help, whether you employ a nanny, housekeeper or gardener, can significantly ease the burden of childcare ...
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You don’t have to be in business to deduct certain vehicle expenses

When you think about tax deductions for vehicle-related expenses, business driving may come to mind. However, businesses aren’t ...
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When can business travel expenses be deducted?

Business owners, executives and employees are hitting the road, rails and skies at levels that haven’t been seen ...
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Making the most of the home sale gain exclusion

If you sell your home, you might be able to pocket up to a half million dollars in ...
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How Will the 2025 Inflation Adjustment Numbers Affect Your Year-End Tax Planning?

The IRS has issued its 2025 inflation adjustment numbers for more than 60 tax provisions in Revenue Procedure 2024-40. ...
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Business owner? A buy-sell agreement should be part of your estate plan

If you hold an interest in a business that’s closely held or family owned, a buy-sell agreement should ...
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Maximize your year-end giving with gifts that offer tax benefits

As the end of the year approaches, many people start to think about their finances and tax strategies. ...
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