Category: Taxes

If your business is expanding its geographical footprint beyond state or U.S. borders, it’s important to understand the transfer pricing rules. In a nutshell, transfer pricing refers to cross-border pricing arrangements for transactions between related companies (including parent and subsidiary or brother-sister companies with a common parent) in different jurisdictions. Typically, these transactions involve charges […]

The One Big Beautiful Bill Act (OBBBA), enacted in the summer of 2025, includes a new temporary federal income tax deduction for auto loan interest. On January 2, 2026, the IRS published in the Federal Register proposed regulations addressing the write-off — which is available regardless of whether taxpayers itemize on their tax returns — […]

Not all married couples earn dual incomes. For example, during the course of a marriage, one spouse may leave the workforce to care for a family member or tend to his or her own health issues. Regardless of why you left and whether it’s temporary or long-term, you might still want to save for retirement while […]

I just signed my wife up for Medicare and thought this was a good article spelling out the subject. At first, it was intimidating. However, when we went to the Social Security website, it was intuitive to use. Now it is off to an insurance broker to sign up for Part D and Medigap coverage. […]

Fewer than one-quarter of currently retired people feel “very confident” they’ll maintain a comfortable lifestyle throughout their golden years. That’s just one of the financial red flags waving in “Retiree Life in the Post-Pandemic Economy,” a report released by the nonprofit Transamerica Center for Retirement Studies in November 2024. The report is based on a […]

After the dust settles on your divorce, it’s time to update your estate plan. You may have different long-term plans as a single person than you did when you were married. Plus, the composition of your assets may have changed from when you originally devised your estate plan during your marriage. Here’s some information to […]

Many people treat tax refunds like found money and simply spend it – which is totally okay but there are options for how to make your money work for you and thank your future self! If you are getting a tax refund this year, think about where the money could go to help you and […]

For the first half of 2025, individual taxpayers faced an uncertain tax situation because many provisions of the Tax Cuts and Jobs Act (TCJA) were scheduled to expire at year end. However, on July 4, President Trump signed the One, Big, Beautiful Bill Act (OBBBA) into law. The new law makes many TCJA provisions permanent […]

Investing in a home brings tax benefits Purchasing a home is the most significant investment most people will make. Owning your home comes with valuable tax advantages that can reduce your annual tax bill. One of the primary benefits is the mortgage interest deduction, which allows homeowners to deduct the interest paid on mortgage loans, […]

Are you a teacher or other educator who often pays for classroom supplies out of your own pocket? Your main objective is to improve the learning experience of the kids, but there may be a residual side benefit. If you qualify, you can claim a special deduction — the educator expense tax deduction — of […]