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Tax guidance and resources

Looking for advice on lowering your federal or state taxes? You’ve come to the right place. Plus, get news and advice related to tax brackets, property taxes, estate taxes and more.

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An LLC can simplify tax filing and reduce the legal liability of its members. Here’s how a donor-advised fund works and why it may be an attractive option for the wealthy. How to lessen the tax liability, so you can keep as much profit in your pocket as possible. Mutual fund taxes can be complicated. Here’s what you need to know. Here’s what a wash sale is and how to easily avoid it while securing your tax write-off. The IRS is stepping up enforcement on potential tax evasion by looking more closely at who’s exchanging cryptocurrencies. Interest paid on outstanding student loan debt, mortgage and home equity loan debt, business expenses, and interest on money borrowed to purchase investment property qualifies for a deduction. If you haven’t filed your taxes yet, don’t panic — but act fast. Typically, taxpayers have two options: Take the itemized deductions or take the standard deduction. Regardless of what may cause a person to miss the tax-filing deadline, there are potential consequences. Applying for more time to file your taxes is easy. Just don’t put off paying your tax bill. The fast-approaching deadline for filing your 2021 taxes is April 18, 2022. Here are six things that those involved in creating and trading NFTs need to know. There are seven tax brackets for most ordinary income: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe. Pay particular attention to these areas and you may find some new ways to save on what you owe. The credit was confusing even before Congress revamped it for 2021. In some cases, you should be prepared to pay taxes on your personal loan. Here’s how to use a Roth IRA to pay for your child’s college tuition. This popular tax break can be one of the trickiest.

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